mXRP is a liquid staking token launched by Midas with Axelar that brings XRP into DeFi, offering holders decentralized exposure and up to 8% annual yield while enabling cross‑chain access via the XRPL EVM and Axelar bridging technology.
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mXRP brings XRP yield to DeFi through a liquid staking token offering 6–8% APY.
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Operates on XRPL EVM with Axelar bridging to 80+ blockchains for cross‑chain composability.
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Built with audited smart contracts, risk curation by Hyperithm, and transparent yield reporting.
mXRP liquid staking token delivers up to 8% yield on XRP, enabling DeFi access and cross‑chain composability — learn how to earn and integrate mXRP today.
What is mXRP and how does it work?
mXRP is a liquid staking token issued by Midas on the XRPL EVM that tokenizes XRP exposure and delivers programmable yield across DeFi. The product uses audited smart contracts and Axelar bridging technology to enable cross‑chain access and composability with DeFi protocols.
How much yield does mXRP offer and what drives returns?
The target yield for mXRP ranges from 6% to 8% APY, net of fees. Returns are generated through audited DeFi strategies and integrations across lending and liquidity protocols. Risk curation services from Hyperithm are applied to maintain transparent risk controls and performance reporting.
Why does mXRP matter for XRP holders?
mXRP addresses a long‑standing gap: XRP historically lacked native, scalable yield options. By tokenizing staking exposure into a liquid asset, mXRP lets XRP holders earn passive income while preserving on‑chain liquidity and enabling composability with other DeFi applications.
How is cross‑chain access achieved?
Axelar’s bridging technology connects the XRPL EVM sidechain to the wider blockchain ecosystem, enabling mXRP to move and be used across more than 80 blockchains. This design supports cross‑chain lending, liquidity provisioning, and integrations without requiring centralized custody.
Frequently Asked Questions
How do I buy or mint mXRP?
Users can mint mXRP by depositing XRP through Midas’ minting interface on XRPL EVM or supported on‑ramps. The process involves an audited smart contract mint and issuance of tokenized exposure representing staked or strategy‑deployed XRP.
Is mXRP secure and audited?
mXRP uses audited smart contracts and risk curation by Hyperithm. The governance and codebase have undergone third‑party reviews; performance and security metrics are published by Midas and partners for transparency.
How to integrate mXRP into DeFi (step‑by‑step)
- Acquire XRP and transfer to an XRPL EVM‑compatible wallet supporting Midas flows.
- Mint mXRP via the Midas interface, which issues tokenized exposure via audited contracts.
- Bridge mXRP across chains using Axelar to reach target DeFi protocols.
- Deploy mXRP into lending pools or liquidity strategies to earn yield.
- Monitor performance and redeem mXRP back to XRP through the burn/mint mechanism when needed.
Key Takeaways
- mXRP expands XRP utility: It tokenizes staking exposure to unlock DeFi yield and composability.
- Yield range: Targeted annual returns are 6–8% APY, net of fees, with transparent reporting.
- Cross‑chain access: Axelar bridging enables use across 80+ blockchains, increasing liquidity and integrations.
Conclusion
mXRP represents a material step for XRP into DeFi, offering tokenized yield, audited smart contracts, and broad cross‑chain access via Axelar. With risk curation by Hyperithm and infrastructure from Midas and Interop Labs, the product aims to provide sustainable yields for XRP holders while preserving on‑chain liquidity. Monitor official Midas updates and published performance reports for ongoing data and governance developments.
Published by COINOTAG on 2025-09-23. Updated 2025-09-23.
