The XRP community is engaging in discussions about the potential introduction of native staking and lending functionalities on the XRP Ledger (XRPL). Currently, XRP holders need to rely on third-party platforms for yield-earning opportunities. Recent contributions from key figures in the XRP ecosystem have sparked interest in exploring these features on the XRPL.

One proposal suggests the implementation of XRP staking, with Babylon Labs' Bitcoin staking protocol as an example. The CEO of Flare Networks mentioned ongoing development of tools to achieve staking on the XRPL, using Flare XRP (FXRP) as the staking asset.

Another proposal introduces the XLS-65 and XLS-66 protocols for native yield farming on XRPL. XLS-65 introduces the "Single Asset Vault" mechanism, enabling lending, yield generation, and asset management. XLS-66 focuses on decentralized lending without intermediaries, offering uncollateralized fixed-term loans.

Both proposals were authored by individuals at Ripple, indicating the active involvement of Ripple in advancing native yield and lending functionalities on the XRPL.



Other News from Today