Web3.0 wallet service provider Liminal has partnered with XRP Ledger (XRPL) to support the projects building on network with regulated custody solutions.
Marked as a pivotal alliance that can bolster the growth of both outfits, the Liminal and XRP Ledger alliance will see DApps gain access to the former’s wallet infrastructure.
Liminal has rich backing, being an outfit floated by Mahin Gupta, the founder of India’s top crypto trading platform, ZebPay.
With a track record of success, the Liminal and XRPL alliance is poised to be mutually beneficial for all key stakeholders in both entities’ ecosystems.
The Liminal and XRPL Alliance: Key Benefits
As contained in the Builder’s Spotlight from Ripple Developers, XRPL projects and users will gain access to Liminal’s optimized wallet operations.
This unique feature will help developers and entities conducting wallet-related operations to save on development efforts, cost of operations, and implementation overheads, among others.
Liminal is a regulated, audited, and licensed custody & wallet infrastructure platform for Web3 native institutions and now supports projects building on the #XRPL.
Learn more from @liminalcustody Founder Mahin Gupta in this Builders Spotlight.https://t.co/H7QuClppFb
— RippleX (@RippleXDev) January 5, 2024
The partnership comes with exclusive benefits for XRPL builders, including a 70% discount. Additionally, Liminal has chosen to cover all costs attached to transactions processed through the “dedicated XRPL wallet.”
Liminal also promises active support through a Service Level Agreement (SLA), a deal that will make it possible to get feedback on inquiries in about 24 hours.
These incentives are promising for the XRP Ledger, a protocol that has been exploring avenues to fight for a larger share of the DeFi market in relation to user count and Total Value Locked (TVL). The Liminal alliance will enhance the incentives for builders to consider pitching tents with the protocol.
XRPL and the Growing Traction
Over the past few months, the XRP Ledger has shown unique strides that reveal how ready it is to compete with its peers.
As reported earlier by The Crypto Basic, drawing on industry research, the upcoming XRPL AMM outperformed Uniswap in multiple metrics, including gas slippage and the reduction of impermanent loss.
In recent times, the XRPL has also recorded intense upgrades bordering on AMM and Non-Fungible Token enhancements, amongst others.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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