Derive now accepts FXRP as collateral for XRP options, perpetual futures and spot trades, expanding the token’s onchain utility. The integration gives wallet users self-custodial access to hedging, premium-generating and leveraged strategies.
Key Takeaways
FXRP now collateralizes XRP options, perpetuals and spot trades.Derive settles XRP options in USDC instead of delivering XRP.Portfolio margin combines positions under one FXRP collateral balance.Will Procheska, a DeFi analyst, was quoted by Flare as saying:
“XRP has one of the most committed long-term holder bases in crypto, and until now they’ve had no permissionless options market to generate yield or hedge against their position.”
“FXRP on Derive changes that, while the underlying XRP stays on the XRP Ledger,” he added.
Derive combines protocol-level settlement with an order book operated by Derive Trading Co. (formerly Lyra Trading Co.). The structure keeps users’ assets under their control while professional market makers provide bids and offers across multiple strikes and expiration dates.
Options Settle in USDC as Margin Rules Govern Risk Derive Extends Flare’s XRPFi StackDerive founder and CEO Nick Forster said: “Options are often the last major market to develop around an asset, and XRP has been waiting for the infrastructure,” before adding:
“Flare has done the hard work of making XRP programmable and building the foundation for a real XRPFi ecosystem.”
“FXRP gives one of crypto’s largest holder bases a credible path onchain, and adding Derive’s options markets means that capital can now be hedged, used to earn premium and traded with the same sophistication available around other major assets,” he noted.
XRP Options Expand Beyond Regulated Futures Markets
