I've just seen it run fully and it's truly remarkable. XRPL-controlled loans powered by Flare Smart Accounts, with all the complexity abstracted away, are in the final phase. It's an incredible engineering solution that involves XRPL-signed intent, Flare orchestration, LayerZero transport and execution on Ethereum. This can enable a new XRP credit market to take shape across EVM liquidity without XRPL users having to understand all of the infrastructure underneath while still retaining control through their XRPL wallet. The lending position is executed on Morpho on Ethereum, but controlled from an XRPL wallet. The way it works is like this: An XRPL account makes a payment to the FAssets Core Vault together with a Custom Instruction. FDC verifies that payment on Flare, FXRP gets minted into the system, and the user's Smart Account executes the instructions that were committed to from XRPL. Part of that execution uses a Loan Subaccount, essentially a dedicated account for managing the loan position and its collateral. From there, the FXRP on Flare crosses through the OFT and LayerZero path together with the borrow instruction to the corresponding remote Loan Subaccount on Ethereum. Finally, that remote account supplies the FXRP into Morpho, borrows RLUSD, and sends it to the destination the user authorized. Sounds like a lot, because it is, and it's all abstracted away such that an XRPL user can just connect their wallet to a portal, sign, and after a couple of clicks receive RLUSD as a loan against their XRP. Extremely powerful technology, and the loan flow is only one implementation of this type of primitive.