mXRP Launch Boosts XRP's DeFi Potential with $20 Million Vault
CryptocurrencyXRPUpdated 7 hours ago

mXRP Launch Boosts XRP's DeFi Potential with $20 Million Vault

Midas and Axelar have launched mXRP, the first liquid staking token on the XRP Ledger, allowing investors to earn yields in the growing XRP DeFi ecosystem. The initial vault quickly filled with 6.5 million tokens, prompting an increase in capacity to 10 million. This development enhances XRP's utility and could attract more users, boosting its overall value and adoption.

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Liquid Staking Debuts On XRP Ledger, What mXRP Means For Investors
PositiveCryptocurrency
Midas has teamed up with Axelar to launch mXRP, the first liquid staking token on the XRP Ledger. This innovative token allows investors to earn yields from the growing XRP DeFi ecosystem, enhancing the utility of XRP in the market. The introduction of mXRP is significant as it opens up new investment opportunities and could attract more users to the XRP platform, potentially boosting its overall value and adoption.
XRP’s DeFi utility sparks as liquid staking vault nears $20 million
PositiveCryptocurrency
XRP holders are excited about new yield opportunities as mXRP, the first liquid staking token in the XRP ecosystem, gains traction. Launched by Axelar, the initial vault quickly filled with 6.5 million tokens, prompting an increase in capacity to 10 million. This surge in interest highlights the growing utility of XRP in decentralized finance, making it a significant development for investors looking to maximize their returns.

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