XRP-focused DeFi services expand with cbXRP support on Base, Flare networks’ staking model

By: Fxstreet
2025/06/19 17:00
XRP
XRP$2.9671-0.76%
DeFi
DEFI$0.001647-1.37%
TokenFi
TOKEN$0.01323--%
  • Flare expands XRP’s role in DeFi with $100M in XRP from Vivo Power and increasing liquidity. 
  • Moonwell becomes the first on the Base ecosystem to extend support for cbXRP, a tokenized version of XRP by Coinbase. 
  • The expanding role of XRP in DeFi offers holders greater flexibility in accessing on-chain services. 

The role of Ripple’s XRP token is expanding the broader Decentralized Finance (DeFi) market with the extended support of multiple platforms. Flare’s constant effort to boost XRP DeFi (XRPFi) attracted $100 million from Vivo Power, an electric vehicle services company. 

Beyond staking, new branches of XRPFi emerge on the Base ecosystem’s Moonwell, offering extended support for XRP via tokenized cbXRP, opening the gates for other DeFi services.

Moonwell launches first-ever cbXRP market on Base ecosystem 

Moonwell, a lending app on the Base ecosystem, announced extended utility for cbXRP, a 1:1 backed tokenized version of XRP by Coinbase. This begins the lending and borrowing of cbXRP on Base. 

https://x.com/MoonwellDeFi/status/1935367241756983691

For the new DeFi service, XRP holders must exchange their tokens for cbXRP on Coinbase to borrow USD Coin (USDC) against it. With the borrowed USDC, XRP holders will have DeFi exposure without selling their XRP.

VivoPower and USDT0 on Flare boost XRPFi

VivPower pledged a $100 million investment in XRP for institutional yield gains through a partnership with Flare last week. It aligns with Vivopower’s goal to become the world’s first XRP-focused digital asset enterprise. 

Adding a DeFi layer to XRP, Flare offers FXRP, a 1:1 tokenized, fully non-custodial version of XRP. 

Alongside Vivopower’s investment, a Messari report notes that Flare experiences a liquidity spike with the integration of USDT0, the omnichain version of Tether’s USDT stablecoin, which utilizes LayerZero’s Omnichain Fungible Token standard. 

Flare's TVL growth. Source: Messari

The Total Value Locked (TVL) on Flare has surged to an all-time high of $162 million on June 8, from $38 million on April 29. Currently, the DeFiLlama data shows Flare’s TVL stands at $144 million. 

Flare TVL. Source: DeFiLlama

Flare also plans to advance XRP’s role in DeFi through liquid staking, which will reward users for staking FXRP with stXRP, similar to Liquid Staking Tokens (LST) earned on Lido DAO. 

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Inventory of crypto reserves of five major listed companies: After Trump’s election, they accelerated their entry into the market, and Strategy’s floating loss exceeded US$4 billion

Inventory of crypto reserves of five major listed companies: After Trump’s election, they accelerated their entry into the market, and Strategy’s floating loss exceeded US$4 billion

In this article, PANews lists 5 listed companies that launched crypto reserve plans. These companies generally increased their investment after Trump won the election. However, with the obvious correction of the crypto market, high-level purchases have led to a general increase in floating losses. Among them, Strategy's floating losses on Bitcoin holdings during this period have exceeded US$4 billion, while Metaplanet, Semler Scientific, SOL Strategies and other companies have also suffered book losses of more than 10 million US dollars, and their stock price performance has also experienced roller coaster-like fluctuations.
Solana
SOL$204.41+4.82%
OFFICIAL TRUMP
TRUMP$8.418+0.17%
Moonveil
MORE$0.10043-1.43%
Share
PANews2025/04/08 18:04
Share
YZY token aftermath sees 105 traders lose $100k-$1M each in $75M wipeout

YZY token aftermath sees 105 traders lose $100k-$1M each in $75M wipeout

The post YZY token aftermath sees 105 traders lose $100k-$1M each in $75M wipeout appeared on BitcoinEthereumNews.com. Kanye West’s YZY token launch has left 105 traders with significant losses between $100,000 and $1 million each, totaling $26 million in combined losses at an average of $250,000 per wallet. According to data shared by Bubblemaps analysis published on Aug. 27, 70,201 traders interacted with the token, resulting in 51,862 tanking losses. West’s controversial token launch on Solana reached a market capitalization over $3 billion before collapsing by over 90% within hours. Data reveals stark inequality in outcomes, with only 11 wallets (0.015%) generating profits exceeding $1 million each. These successful traders captured $18.9 million in combined gains. The loss distribution shows that traders with larger positions bore the heaviest burden. Wallets losing between $10,000 and $100,000 totaled roughly $25.4 million, with 917 addresses sharing an average loss of $27,700. An additional 4,244 traders lost between $1,000 and $10,000, with an average loss of $3,000, resulting in over $13 million. At the extreme end, three traders each lost more than $1 million, resulting in a combined loss of $5.07 million. Only 1% of wallets earned substantial profits Of the 70,201 traders, only 18,333 achieved profitability, representing 26% of total participants. Yet, nearly 86% of them generated profits of up to $1,000, totaling around $1.65 million, with an average profit of $105 for each trader in this cohort. Less than 1% (642 wallets) of the traders generated profits exceeding $10,000 each, capturing a combined gain of $58.8 million, which represents nearly 88% of the total profits. Additionally, 88 traders earned between $100,000 and $1 million each, totaling $24.9 million. Contributing to traders’ losses were structural disadvantages, including 94% insider-controlled initial supply and prohibitive fee structures. The YZY pool operated with a 1% base fee that quickly adjusted to 2.68%; combined with slippage costs, this resulted in an estimated 10% round-trip…
Moonveil
MORE$0.10043-1.43%
TokenFi
TOKEN$0.01326+0.15%
BRC20.COM
COM$0.01822-2.83%
Share
BitcoinEthereumNews2025/08/28 07:08
Share
How Thousands of Nodes Using Multi-Signatures Can Open Up the Future of BTC Restaking

How Thousands of Nodes Using Multi-Signatures Can Open Up the Future of BTC Restaking

The Mirror Protocol is a truly decentralized and trustless Bitcoin staking protocol.
Bitcoin
BTC$111,397.76-0.06%
Multichain
MULTI$0.08288-1.26%
FUTURECOIN
FUTURE$0.13959+0.41%
Share
PANews2024/04/20 13:27
Share

Trending News

More

Inventory of crypto reserves of five major listed companies: After Trump’s election, they accelerated their entry into the market, and Strategy’s floating loss exceeded US$4 billion

YZY token aftermath sees 105 traders lose $100k-$1M each in $75M wipeout

How Thousands of Nodes Using Multi-Signatures Can Open Up the Future of BTC Restaking

SpacePay: The Simple Way to Use Crypto Like Cash at Any Store, Ongoing Presale Is Gaining Traction

A whale spent 2.25 million USDT to buy 2.4 million FARTCOIN