Midas and Interop Labs launched mXRP, enabling XRP holders to earn returns between 6% and 8%. This liquid-staking product targets dormant XRP supply, providing users new yield-bearing opportunities. It offers a seamless integration into DeFi infrastructure with strategies such as market-making available.
Dennis Dinkelmeyer, co-founder and CEO of Midas, emphasized mXRP’s transparency in unlocking XRP’s potential. By catering to community demands and integrating into DeFi protocols, mXRP aims to transform the usage of dormant XRP into productive financial strategies.
Leave a Reply