Cofounder of @flarenetworks.
Dubai, United Arab Emirates
Joined March 2019
- Tweets8.9K
- Following794
- Followers127K
- Likes8.4K
Hugo Philion retweeted
Flare’s approach to XRP interoperability goes much further than simply bridging XRP into another ecosystem.
The @XRP starts on XRPL. Flare turns it into FXRP through FAssets, with the underlying XRP still backing it.
FXRP can then move to @ethereum through its OFT setup and be used as collateral in Morpho, where borrowers access RLUSD liquidity.
So the credit market can live on Ethereum while XRP stays native to XRPL and @FlareNetworks handles the layer that makes the asset programmable and portable.
JUST IN: Flare hits record $8.77 million in RLUSD loans backed by FXRP on Morpho
Specifically, lending activity on Morpho grew 24.73% in 30 days, with 13.13 million FXRP deposited as collateral, up 23.98% over the same period.
Hugo Philion retweeted
JUST IN: Flare hits record $8.77 million in RLUSD loans backed by FXRP on Morpho
Specifically, lending activity on Morpho grew 24.73% in 30 days, with 13.13 million FXRP deposited as collateral, up 23.98% over the same period.
I’m getting due diligence performed on the addresses to make sure that none belong to sanctioned/blacklist actors. As soon as that is complete I’ll send it out.
Hugo Philion retweeted
XRP just got a new job. 🔥
@Firelightfi is now live on @FlareNetworks using staked FXRP to back onchain cover for DeFi vaults, starting with @SentoraHQ ’s USD Protected & RWA Vaults.
Incubated by Sentora, backed by Ripple & Flare.
Put your XRP to work.
XRP holders, this one’s for you. 🎥
Watch the full breakdown here 👇
youtu.be/oOjjiQhT3ek?si=JYF6…
(ft. Not financial advice)
@Ripple @FlareNetworksKR @HugoPhilion
It’s great to see XAO DAO putting their XRP to work in @Firelightfi on Flare.
Thank you to the XAO DAO community for putting their trust in our ecosystem!
🏦 80% of the XAO DAO Treasury has been deployed to @Firelightfi for staking.
The proposal passed with flying colors.
No more idle ripple:native in our treasury.
Hugo Philion retweeted
The user doesn't need to hold $FLR. The transaction still funds it.
When Smart Accounts are used, part of the XRP pays the executor. That executor spends FLR on the 20x base fee and the FDC request. The minting fee and 90% of the FDC fee route to FIRE.
The Flare Income Reinvestment Entity (FIRE)'s mandate is to reduce FLR supply through buybacks and burns. FSA is a way the fees land there without holders needing to hold FLR.
One signature from the wallet you already use.
Earn is live now. Collateral and borrow come next.
That path is what Flare Smart Accounts were built for.
flare.network/products/flare…
Hugo Philion retweeted
Flare Meetup New York 🗽
Flare is hosting a meetup during @RippleSwell on October 27th at The Addison NY, steps away from the Swell venue.
Come meet builders, traders and founders, including @upshift_fi, @SentoraHQ, @Firelightfi and @XRPLJapan, over an open bar and bites.
Space is limited. Request to join: luma.com/pv1hqf61
Hugo Philion retweeted
Blockspace is abundant. Reliable data isn't.
@FlareNetworks built its L1 around the data smart contracts need.
That layer already powers FXRP, with nearly 90% deployed in DeFi, and is extending to private data through Confidential Compute.
Full report: defillama.com/research/repor…
Hugo Philion retweeted
Curators on Upshift can now add @Firelightfi cover to their vaults.
@SentoraHQ's Protected USD and Protected RWA vaults are the first to offer it. The covered events, price and capacity are registered onchain, and staked XRP on @FlareNetworks supplies the cover capital.
Hugo Philion retweeted
One signature from the wallet you already use.
Earn is live now. Collateral and borrow come next.
That path is what Flare Smart Accounts were built for.
flare.network/products/flare…
Indeed the FCC white paper is impressive. There is so much more that Flare can do than what exists within the community narrative. It’s not just programmability for non smart contract coins. In fact this may be the smallest thing that Flare can do (don’t worry we are still launching FBTC).
I’ll be launching a campaign together with partnerships that will totally reposition your thinking about where Flare fits in the blockchain landscape.
Hugo Philion retweeted
Singapore recap from @token2049.
A look into our evening Above the Bay with our partners @Firelightfi, @HypernativeLabs, and @Cloudflare.
XRPL is the #4 chain in tokenisation. Flare’s compute layer adds capabilities to XRPL that substantially rounds out the proposition for RWA issuers and traders.
Hugo Philion retweeted
Deposit into Firelight with @FlareNetworks Smart Accounts.
Connect your XRPL wallet → mint FXRP → deposit into the Firelight vault.
The complexity is handled for you, so all you need is $XRP. Here’s how it works. 👇
Firelight is inside Flare Smart Accounts.
Open the portal, select @Firelightfi , and in one click your XRP becomes the capital behind onchain cover.
→ fsa.flare.network
Hugo Philion retweeted
$12B+ in lifetime trading volume. ⚡️
A new milestone for SparkDEX and the Flare ecosystem.
Thank you for trading with the #1 DEX on @FlareNetworks
