- XRP Ledger Foundation said that Flare took the place of Anodos Finance.
- Ripple and the Foundation published matching 35-validator lists featuring Flare.
- A few months ago, FXRP became usable as collateral to borrow RLUSD on Morpho via Sentora.
Flare, an EVM-compatible Layer 1 blockchain, is now on the recommended validator lists from Ripple and the XRP Ledger Foundation, giving the blockchain project a more direct role in the XRP Ledger’s consensus and governance.
This step brings the two networks closer together, continuing Flare’s work to bring DeFi features to XRP users.
XRP Ledger Foundation announced that Flare took the place of Anodos Finance, which asked to be removed as it prepared to shut down its XRPL validator. After the swap, Ripple and the Foundation published matching lists with 35 validator keys, including Flare.
What Flare’s Addition Means for the XRP Ledger
Validators are key to how the XRP Ledger reaches consensus, since they help decide the order transactions are processed in and prevent double-spending. On top of that, trusted validators aid in governing the network by voting on proposed protocol amendments.
The recommended lists from Ripple and the XRP Ledger Foundation allow server operators to figure out which validators to trust. These selections are organized into Unique Node Lists (UNLs), a server’s list of trusted validators for verifying transactions and keeping the network in sync.
However, being on a recommended list doesn’t provide Flare with control over the XRP Ledger. Operators can still pick their own validators or use custom UNLs. As the official XRPL docs put it, the network is decentralized, meaning no single organization has a say over how every participant sets up their validators.
Flare Is Expanding Its Role in Making XRP More Usable
The addition comes as Flare works to give XRP users more ways to use their holdings in decentralized apps.
Thanks to Flare’s FAssets system, once a user sends XRP, they can mint a 1:1 backed token called FXRP on the Flare network. This lets XRP holders join in on crypto lending, earn interest, trade in liquidity pools, and access other DeFi features that aren’t natively built into the main XRP Ledger.
A big update arrived in August when users were allowed to use FXRP as collateral to borrow Ripple’s RLUSD stablecoin through Sentora’s lending market on Morpho. This setup lets XRP holders unlock cash loans against their crypto without having to sell off their coins, though it also means converting your XRP to FXRP and bridging it over to Ethereum first.
Related: XRP Ledger Expands Institutional Reach as Aviva Tokenizes £22B Fund
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