Enosys Loans CDP
CDP#1812
Price chart · 7D
- 7D high
- $0.994
- 7D low
- $0.984
7D price · data to 16:00 UTC.
Market Cap
$4.17M
24h Volume
$143.96K
FDV
$4.17M
Circulating
4.24M CDP
Total Supply
4.24M CDP
Rank
#1812
BLOCKINSIDERLoading7D price · data to 16:00 UTC.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Enosys V3 (Flare) | CDP/0XE7CD…FC82D | $74.10K | 0.60% | TRADE | |
| Enosys V3 (Flare) | CDP/0XAD55…1C5BE | $56.84K | 0.61% | TRADE | |
| Enosys V3 (Flare) | CDP/0X1D80…F783D | $11.86K | 0.62% | TRADE |
Top 3 exchanges by 24h trading volume. Block Insider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
Enosys Loans is a friendly fork of Liquity v2, enabling users to create collateralised debt positions on the Flare Network. Initially supporting FXRP and wFLR as collateral - but with plans to expand support to include staked XRP (stXRP from Firelight ), FBTC (Bitcoin bridged to Flare), and other assets - Enosys Loans is poised to unlock unprecedented utility for major cryptocurrencies like XRP and Bitcoin in decentralized finance.
By harnessing Flare’s advanced infrastructure, including the Flare Time Series Oracle (FTSO) for decentralized collateral pricing, Enosys Loans is set to redefine how non-smart contract assets participate in DeFi. Unlocking DeFi for XRP For the first time, XRP holders can use their assets as collateral in a CDP to mint a new stablecoin, enabling participation in DeFi applications such as lending, borrowing, and yield generation while still maintaining exposure to the underlying FXRP.
This is a transformative step for XRP, which, due to the XRP Ledger’s lack of native smart contract functionality, has historically been excluded from the broader DeFi ecosystem. The planned inclusion of FBTC will further extend this capability to Bitcoin, unlocking the potential of two of the most valuable cryptocurrencies-representing trillions in market capitalization-for DeFi use cases.
A Friendly Fork of Liquity V2: Proven and Enhanced Enosys Loans builds on the robust foundation of Liquity V2, a leading CDP protocol on Ethereum known for its efficiency, low fees, and user controlled interest rates. By forking Liquity V2, Enosys inherits its battle-tested mechanics while tailoring the protocol to Flare’s unique capabilities.
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