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Flare Network has launched the XRP modular lending feature through integration with Morpho and Mystic Finance, introducing a brand new DeFi application. FXRP holders can now deposit assets pegged to XRP into permissionless yield vaults to earn yields and borrow stablecoins or other assets against collateral without selling their XRP exposure. This marks Morpho's lending infrastructure's first deployment on the Flare platform, which manages over $10 billion in deposits on the EVM chain.