XRP Holders Get Permissionless Options Market via Flare's FXRP on Derive

Flare's FXRP has become accepted as collateral on Derive, allowing XRP holders to trade options and perpetual futures without giving up custody. This means that XRP investors can now hedge their positions or generate options premiums directly from their wallets.

The move is seen as a big win for XRP holders, who previously had limited ways to do so without relying on centralized exchanges or custodians. FXRP was minted through Flare's FAssets system and deposited on Derive, where users can run positions from a single Portfolio Margin V2 account.

Derive's XRP options are cash-settled in USDC, with the difference paid out when a contract expires in the money. The FXRP collateral stays posted, and sellers need enough USDC to cover the payout.