Overview
- The live protocol accepts FXRP and wFLR as collateral to mint an overcollateralized dollar‑pegged token.
- Initial parameters cap minting at $4 million for FXRP and $1 million for wFLR, with a $500 minimum per position.
- Collateral pricing relies on the Flare Time Series Oracle to aggregate decentralized price data.
- The system is a friendly fork of Liquity V2, adding user‑set borrowing rates and using stability pool mechanics.
- Support for Firelight’s stXRP as collateral is planned, expanding composability for staked XRP on Flare.