DeFi

Flare said FXRP, a representation of XRP, has been approved as collateral in Sentora’s RLUSD Main vault on Morpho. The vault holds about $280 million in deposited RLUSD, making it the largest institutionally curated RLUSD vault on Ethereum. The approval marks the first time an XRP representation has been accepted as collateral in an institutionally curated lending vault on Ethereum. XRP holders can now borrow the RLUSD stablecoin permissionlessly on Ethereum mainnet using FXRP collateral.

In July 2026, Backpack dominated Solana-based tokenized equities, with its issued equities generating $1.06B in DEX trading volume and accounting for 73% of issuer volume for the month. Its volume was nearly unchanged from June, even as total issuer volume across the market fell 58%. The piece argues that fungibility and a credible redemption path are emerging as tangible market-structure advantages, reinforcing Backpack’s role as key infrastructure in the Solana ecosystem.

Uniswap said on 2026年8月1日 that it has launched Earn in its web app and wallet, allowing users to earn yield on USDC, USDT and ETH without lockups. The feature is provided through Uniswap’s native protocol layer and does not require third-party integrations. Users can deposit and withdraw principal at any time while receiving yield in real time. The launch underscores Uniswap’s push beyond a trading-only protocol toward a broader DeFi yield platform, strengthening its protocol revenue model and token-economy loop.

A Solana on-chain propAMM market launched by Backpack and Sunrise reported lower execution costs than the open market for $5k–$20k spot trades in SPCX, MU, SNDK and DRAM from Jun 12 to Jul 20. The market showed 24/5 two-sided costs of 0.5 bps for $5k–$10k orders and 1.3 bps for $10k–$20k orders, versus about +1 bp in the open market. The venue accounts for roughly 0.015% of U.S. trading volume in the four stocks while offering continuous pricing and tighter execution.

Lido said it has completed a major upgrade to its staking architecture, now applied across roughly 8 million ETH it manages, valued at about $16.5B at current market prices and representing nearly one-third of all ETH staked on the network. The upgrade focuses on improving protocol security, modularity and validator management efficiency. It does not involve changes to tokenomics or any token unlocks. As Ethereum’s largest liquid staking protocol, Lido’s technical iteration affects LDO governance weight and ecosystem stickiness, while indirectly strengthening the reliability of infrastructure underpinning ETH as a yield-bearing asset.

USDD has published a guide detailing three ways to obtain the stablecoin: minting through an overcollateralized Vault using TRX, sTRX or USDT; buying on exchanges; or swapping USDT/USDC for USDD via the Peg Stability Module (PSM) at a 1:1 rate with zero slippage. After acquiring USDD, holders can deploy it in products such as sUSDD and Earn, or in protocols including JustLend DAO, to generate yield. The guide highlights USDD’s cross-chain DeFi access, expanded collateral options and an optimized stablecoin conversion mechanism, positioning it as a core stablecoin and liquidity layer within the TRON ecosystem, according to USDD.

Lido said it has begun a historic migration involving about $16.5 billion in ETH, aimed at optimizing Ethereum’s performance and staking efficiency. The move is part of a core infrastructure upgrade of the Lido protocol that will rebuild its underlying ETH staking architecture to improve security, scalability and governance responsiveness. As Ethereum’s largest liquid staking protocol, Lido’s migration directly affects the value-support logic of its native token, LDO, and indirectly strengthens ETH’s utility and network effects as a base-layer asset. The event does not involve regulators, exchange listings or token unlocks, and is presented as a protocol-level ecosystem evolution.

A recent JustLendDAO capital-flow snapshot shows supply concentrated in ETH, sTRX and TRX, with sTRX standing out and signaling stronger confidence in TRON’s liquid staking mechanism. On the borrowing side, demand is dominated by USDT, followed by TRX and BTC, suggesting users are seeking stablecoin liquidity and leverage rather than selling core holdings. The data also indicates professional capital is using TRON-linked assets as vehicles for layered yield strategies, tying TRX liquidity more closely to JST’s governance value in the protocol.

Evernorth said it plans to put its own XRP to work through lending, basis trades and active participation on the XRP Ledger, aiming to shift XRP from a passively held asset to a yield-generating component of financial infrastructure. The company said the move does not involve exchange listings, regulatory rulings or new token issuance, but instead focuses on expanding real on-chain usage. It did not disclose the size of the funds involved, a timeline or partner details, and described the effort as a single-institution ecosystem practice rather than a network-wide protocol upgrade or liquidity injection.

Flare Networks has started a six-month integration phase to expand the XRPFi ecosystem. The first upgrades are expected within two weeks and are intended to make Flare a fully programmable layer for the $XRP Ledger. The effort is aimed at opening more DeFi use cases for XRP, which has largely been limited to payments, according to CEO Hugo Philion.