Ripple's Schwartz Underestimates XRP Lending Potential, Flare CEO Claims
- Published
- Updated
Flare CEO Hugo Philion said David Schwartz is underestimating what XRP lending can do, and linked that view to infrastructure Flare says is already in use. One piece presents the debate as a challenge over proxy-based tools for passive XRP lending, while the other adds that Flare’s setup has already supported loans backed by Wrapped XRP.
Key claims & sources
What it means
This matters to XRP users and Flare users because it points to a lending setup that is already described as active, not only planned. The detail that loans backed by Wrapped XRP have already been handled means people following the ecosystem can see a concrete lending path today, rather than just a proposal. It is tied to Flare’s infrastructure claims in the piece that mentions the $7.2 million figure and the 10.8 million Wrapped XRP backing it.
In practice, the change is that XRP lending is being presented through protocol-managed wallets and confidential compute, rather than only as a theoretical idea. What stays the same is that the discussion is still framed as a challenge to Schwartz’s view, so the underlying dispute over how much lending potential exists has not gone away. The piece about proxy infrastructure shows the mechanism being discussed, even as the broader argument remains open.
Market reaction i
Flare fell 1.3% in the 4 hours after the first headline, after rising 0.6% in the 2 hours before.
48 prices, one every 30 minutes
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
Where this sits in the Flare series
| When | What happened | Figure |
|---|---|---|
| 40 days ago | FLR at $0.00761544 high | today it sits -26.7% from there |
| today | FLR at $0.00555787 low | today it sits +0.4% from there |
From what we have stored, starting 2 months ago.