Active real world (Rwa) The Midas and Interop Labs focused project unveiled MXRP, an attempt to channel the dormant XRP feeding in yield structures that could provide yields up to 8%.
Announced on Monday at XRPL Seoul 2025 and presented the first product to create liquid linked directly to the XRP ecosystem, the product is struck on the EVM of XRPL through audited contracts. XRP is sanded and wrapped in the Midas Tokas certificate.
MXRP can be used as a structured vehicle that users can place in existing decentralized finance (Challenge) Infrastructure, with early strategies, including market creation and liquidity supply.
The targeted net yields are set in the fork from 6% to 8%, with fluctuating results depending on the performance of the underlying strategy.
“A large part of the XRP offer has been dormant for years; MXRP provides a transparent mechanism for users to access strategies on the channel, ”said Dennis Dinkelmeyer, co-founder and CEO of Midas. “With strong community demand and challenge integrations, we believe that the MXRP can play a key role in the release of new use cases for XRP.”
The MXRP token is entirely integrated into the XRPL EVM ecosystem at launch and can be deployed on DEFI protocols, such as loan markets and indigenous integrations, to access additional opportunities.
