XRP Enters This New Market to Unlock $400 Billion In Liquidity

By Times Tabloid
1 day ago
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Crypto commentator JackTheRippler has highlighted XRP’s entry into decentralized finance (DeFi) through MoreMarkets, a platform designed to unlock liquidity from idle assets.

JackTheRippler stated, “XRP is finally entering the decentralized finance (DeFi) space through MoreMarkets, which allows for the entry of 400 billion-plus of untapped liquidity! XRP and other major assets can now stay on native networks while earning yield.”

MoreMarkets, which addresses fragmented liquidity and custodial concerns, emphasizes the need for a global liquidity marketplace. The platform stated, “ You need More.  We need More. DeFi needs More.” It introduces itself as “The global liquidity marketplace turning idle tokens like $XRP, $DOGE, and $BTC into powerful assets earning unmatched yields.”

Addressing Liquidity Challenges in DeFi

The announcement from MoreMarkets underscores the current limitations in DeFi, stating, “Fragmented liquidity and custodial solutions are hurting DeFi. CEX/Bridge hacks & BlockFi type blowups hurt trust. Assets like XRP, DOGE, and BTC are stuck on their chains. Holders are missing high-yield opportunities.” The platform presents itself as a solution, allowing assets like XRP to generate yield without leaving their native networks.

MoreMarkets outlined key characteristics of an ideal DeFi platform, stating it should provide the “best borrow and lend rates,” offer “low latency,” be “cross-chain,” and allow users to “hold their own coins.” The platform claims to meet these requirements while providing a “Hyperliquid for Yield” ecosystem.

How MoreMarkets Functions

The platform’s operational model allows users to deposit their assets into a personal MoreMarkets vault and receive “More” tokens backed 1:1 by those deposits. These “More” tokens can be used across multiple DeFi protocols and chains. MoreMarkets compared its system to traditional financial strategies, stating, “Imagine ‘Lombard for $XRP.’”

The platform introduces different DeFi levels for token usage:

Level 1: Use tokens across multiple platforms, such as XRP on Hyperliquid.

Level 2: Unlock new DeFi strategies, such as Dogecoin on Morpho.

Level 3: Engage in cross-chain derivatives, including CDPs earning RWA yields while hedging downside risks.

The Potential Impact on Crypto Markets

MoreMarkets claims its system benefits various stakeholders, stating, “ Token Holders: Earn real yields from your XRP, BTC, DOGE and More. DeFi & App Builders: Tap instant global liquidity without costly incentives. Blockchains: Turn idle tokens into active capital, boosting TVL and chain value.”

The project highlights that over $400 billion of crypto assets have less than 5% in DeFi. MoreMarkets aims to redirect these assets into more productive use cases by providing a self-custodial and free-flowing liquidity solution.

The initiative has gained backing from industry players such as Electric Capital, NEAR Protocol, Fabric Ventures, Robot Ventures, and Canonical Crypto. Additionally, it has support from notable figures associated with Polygon, Frax Finance, Primitive Crypto, and Eigenlayer.

With XRP’s integration into DeFi through MoreMarkets, the project seeks to create “one global liquidity market for all of DeFi.” As the platform rolls out, its impact on XRP’s utility and the broader DeFi sector remains to be seen.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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