PANews reported on September 22 that according to The Block, the tokenization platform Midas has reached a cooperation with Interop Labs, the developer of the blockchain interoperability protocol Axelar, to jointly launch the XRP tokenized product mXRP. Currently, the product sets a basic yield of 6%-8%, paid in the form of XRP. Users can deposit XRP as collateral in a tokenized structure that tracks the performance of the underlying yield strategy to mint mXRP. These strategies may include market making and providing liquidity, and are managed by third-party asset management institutions known as "risk managers." Midas co-founder and CEO Dennis Dinkelmeyer revealed that Hyperithm serves as the manager of mXRP. In addition to base returns, mXRP can be deployed in various DeFi protocols to generate additional returns. mXRP tokens are issued on the Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger and run on infrastructure provided by Axelar. According to the Midas website, Midas-issued tokens, including mXRP, are not available to users in the United States, the United Kingdom, or sanctioned regions, where access is restricted.PANews reported on September 22 that according to The Block, the tokenization platform Midas has reached a cooperation with Interop Labs, the developer of the blockchain interoperability protocol Axelar, to jointly launch the XRP tokenized product mXRP. Currently, the product sets a basic yield of 6%-8%, paid in the form of XRP. Users can deposit XRP as collateral in a tokenized structure that tracks the performance of the underlying yield strategy to mint mXRP. These strategies may include market making and providing liquidity, and are managed by third-party asset management institutions known as "risk managers." Midas co-founder and CEO Dennis Dinkelmeyer revealed that Hyperithm serves as the manager of mXRP. In addition to base returns, mXRP can be deployed in various DeFi protocols to generate additional returns. mXRP tokens are issued on the Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger and run on infrastructure provided by Axelar. According to the Midas website, Midas-issued tokens, including mXRP, are not available to users in the United States, the United Kingdom, or sanctioned regions, where access is restricted.
Midas and Axelar launch XRP tokenized product mXRP, targeting a base yield of up to 8%
PANews reported on September 22 that according to The Block, the tokenization platform Midas has reached a cooperation with Interop Labs, the developer of the blockchain interoperability protocol Axelar, to jointly launch the XRP tokenized product mXRP. Currently, the product sets a basic yield of 6%-8%, paid in the form of XRP. Users can deposit XRP as collateral in a tokenized structure that tracks the performance of the underlying yield strategy to mint mXRP. These strategies may include market making and providing liquidity, and are managed by third-party asset management institutions known as "risk managers." Midas co-founder and CEO Dennis Dinkelmeyer revealed that Hyperithm serves as the manager of mXRP.
In addition to base returns, mXRP can be deployed in various DeFi protocols to generate additional returns. mXRP tokens are issued on the Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger and run on infrastructure provided by Axelar. According to the Midas website, Midas-issued tokens, including mXRP, are not available to users in the United States, the United Kingdom, or sanctioned regions, where access is restricted.
Aviso legal: Los artículos republicados en este sitio provienen de plataformas públicas y se ofrecen únicamente con fines informativos. No reflejan necesariamente la opinión de MEXC. Todos los derechos pertenecen a los autores originales. Si consideras que algún contenido infringe derechos de terceros, comunícate a la dirección service@support.mexc.com para solicitar su eliminación. MEXC no garantiza la exactitud, la integridad ni la actualidad del contenido y no se responsabiliza por acciones tomadas en función de la información proporcionada. El contenido no constituye asesoría financiera, legal ni profesional, ni debe interpretarse como recomendación o respaldo por parte de MEXC.
También te puede interesar
Wormhole launches reserve tying protocol revenue to token
The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
Compartir
BitcoinEthereumNews2025/09/18 01:55
MYX Finance price surges again as funding rate points to a crash
MYX Finance price went parabolic again as the recent short-squeeze resumed. However, the formation of a double-top pattern and the funding rate point to an eventual crash in the coming days. MYX Finance (MYX) came in the spotlight earlier this…
Compartir
Crypto.news2025/09/18 02:57
Trump Economy Policies Aim to Boost Growth and Ease Inflation Pressure
TLDR: Karoline Leavitt says Trump economy policies deliver wage growth and energy-led inflation relief. Tax cuts on tips, overtime, and Social Security aim to boost household disposable income. Deregulation ratio of 30-to-1 targets small business cost reductions and hiring expansion. Gasoline prices reach five-year lows under the energy dominance initiative. The Trump economy agenda came [...] The post Trump Economy Policies Aim to Boost Growth and Ease Inflation Pressure appeared first on Blockonomi.
Compartir
Blockonomi2025/11/14 04:55