[req]: stXRP/USD

[jO-Osko]

Feed Name

stXRP/USD

Asset Class

Custom Feeds

Justification

Business Justification

• Collateralization & DeFi utility: The stXRP/USD feed improves the way stXRP can be used as collateral in lending/borrowing or other DeFi protocols on Flare — improving capital efficiency and attracting more users.
• Accurate risk management: Having a decentralized, oracle-backed USD price feed ensures reliable liquidation mechanisms and fair valuations for stXRP-based assets.
• Ecosystem growth & composability: stXRP becomes more composable — usable in DeFi, leveraged strategies, and composable products — increasing demand and utility of FXRP on Flare-native protocols.
• User adoption: stXRP has seen immense growth and huge user adoption immediately after launch signalizing large community support.

Consistency with governance precedent

Given that Custom Feeds were explicitly introduced to support liquid-staked tokens based on other assets and other non–CEX-listed or on-chain tokens, stXRP falls squarely within the intended use-case.

Ask

The MG is requested to review and approve adding stXRP as a Custom Feed to FTSO — enabling an stXRP/USD feed via the mechanism defined in FIP.13/ STP.10.

The proposed implementation is verified on explorer: https://flare-explorer.flare.network/address/0x69A25267E870D8DF434935583227a68a2Ce04208

Trading Venues (CeX/DeX/Aggregators)

N/A

Daily Volume

<$1M

Contact (Email or Telegram)

@j00sko