Midas, in partnership with Interop Labs, today announced the launch of mXRP on Axelar, the first onchain product to offer meaningful yields for XRP holders, offering 6-8% APY with no minimum deposits. The mXRP asset is issued on the new XRPL EVM, through audited smart contracts. The XRP asset is bridged into the protocol via Axelar, the Gateway to Onchain Finance and the first (and currently only) DeFi connector for the XRP Ledger.
~This episode is sponsored by Tangem~
Tangem ➜ https://bit.ly/TangemPBN
Use Code: "PBN" for Additional Discounts!
Guests:
Georgios Vlanchos - Co-founder of Axelar Protocol & Director at Axelar Foundation
Axelar Website ➜ https://bit.ly/aXelaRP
Dennis Dinkelmeyer, Co-Founder & CEO, Midas
Midas website ➜ https://bit.ly/MidasRWa
00:00 Intro
00:10 Sponsor: Tangem
00:40 Axelar crosses $1bil
01:20 Announcement: Liquid Staked XRP (mXRP)
03:00 Who can use mXRP?
04:10 Expected Target yields?
04:45 Who’s currently using Midas yield tokens?
07:00 Yield Vaults integrating mXRP
07:50 How will this compare to Flare network XRP vault?
10:00 Loans on mXRP?
11:30 Will Axelar have a competitive version of OVault?Â
11:55 Liquidity pool inventives soon for mXRP?
14:00 Are institutions or DAT’s going to be holding mXRP?
15:45 Will this put too much strain on the XRPL?
19:00 Outro
#XRP #Crypto #Ethereum
~Biggest XRP News EVER!!?🔥Axelar x Midas CEO INTERVIEW~
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