🗳️ Add stXRP as a custom price feed on Flare
As XRPFi grows on
@FlareNetworks, stXRP is becoming one of the ecosystem’s valuable assets to unlock its full DeFi potential - collateral, lending/ borrowing, liquidations, yield strategies, and deeper DEX integration - the network needs a reliable, onchain USD price feed for stXRP.
With FIP.13 enabling Custom Feeds on Flare Time Series Oracle (FTSO), the Flare Foundation is proposing to add an stXRP/ USD Custom Feed.
Here’s what that means:
1️⃣ What is being proposed?
A new stXRP/ USD price feed, built using the Custom Feed framework introduced in FIP.13.
2️⃣ What are Custom Feeds and how are they different?
Custom Feeds compute price directly from on-chain logic, not from data provider submissions or CEX markets. They are ideal for LSTs, LRTs, and wrapped or derivative tokens - assets whose value is defined on-chain rather than traded on exchanges.
3️⃣ Why is this needed?
• Supports more efficient and reliable use of
@Firelightfi's stXRP in DeFi, paving the way for additional yield and collateral strategies on Flare.
• Safer, oracle-backed liquidation mechanisms
• Better integration across XRPFi and Flare-native DeFi
• More composability for advanced strategies
• Mirrors how
@SceptreLS's sFLR benefits the FLR DeFi ecosystem.
4️⃣ How will the feed stay accurate & secure?
Accuracy depends on:
• The audited, transparent staking contract logic
• The standardized Custom Feed contract interface defined by FIP.13.
• The price is defined by deterministic onchain math, making it verifiable and tamper-resistant.
🗳️ The Infrastructure Provider Management Group (MG) will now review and vote on the proposal at:
portal.flare.network/managem…
If the vote reaches quorum, the stXRP/USD pair will be added to the FTSO on Flare.