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Ripple Unveils XRP-Based ‘wXRP Staking Network’ via Binance, Offering Monthly Rewards Up to 1.8%
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Ripple Unveils XRP-Based ‘wXRP Staking Network’ via Binance, Offering Monthly Rewards Up to 1.8%
Ripple has introduced a new decentralized finance (DeFi) structure built around XRP, unveiling the wXRP staking network through global cryptocurrency exchange Binance, according to information released by the company. The network has already begun operating, positioning XRP for broader participation in on-chain yield structures. The newly announced model allows XRP holders to convert their assets into wrapped XRP (wXRP) and deposit them into a d…
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