XRP Holders Now Have Direct Access to Solana DeFi Ecosystem
BeInCrypto
XRP holders can now access Solana's DeFi ecosystem using wXRP, a 1:1 backed token managed by Hex Trust and LayerZero.Summary
XRP holders can now participate in the Solana DeFi ecosystem through wrapped XRP (wXRP). This 1:1 backed token, facilitated by Hex Trust custody and LayerZero's cross-chain bridge, allows users to earn yield, lend, and swap assets without selling their native XRP holdings. While the integration provides new utility and pairing options, such as trading against Ripple's RLUSD, it also introduces counterparty risks and bridge security considerations. Users must complete KYC/AML verification for larger deposits, though the token remains redeemable for native XRP at any time.
(Source：BeInCrypto)