By Vuk Martin Can XRP earn you yield, or does it just sit there and wait for price moves? XRP DeFi is the idea of using XRP in decentralized finance to earn returns, usually shown as APY (annual percentage yield). Native XRP on the XRP Ledger (XRPL) doesn’t “stake” the way some proof-of-stake coins do. […]
Tag: APY
By Ted Late Unfortunately, on-chain staking of XRP is not possible, as its parent blockchain, XRP Ledger, does not use the Proof of Stake (PoS) consensus mechanism but instead relies on a unique consensus mechanism called XRP Ledger Consensus Protocol (XRP-LCL), which does not require validators to stake their coins. Instead, validators are selected randomly […]
By Emma Avon The world of digital money continues to evolve at a rapid pace. The total crypto market cap has climbed back above the trillion-dollar mark, and digital-first financial services such as Revolut, N26, and crypto-enabled payment tools have become mainstream across Europe. As users demand faster, easier, and more convenient money apps, Brighty […]