Ripple’s XRP Seoul 2025 event marked the unveiling of a groundbreaking development in the XRPL ecosystem: the launch of mXRP.
Notably, mXRP is the first-ever liquid staking token on the XRP Ledger, designed to create new opportunities for passive income and DeFi integration. Remarkably, this initiative is being touted as the beginning of an “Infinite Money Glitch.”
A 10% APY Liquid Staking Solution for XRP Holders
Unveiled by Georgios Vlachos, co-founder of Axelar Network, mXRP allows users to stake their XRP and receive mXRP tokens in return.
The users can then use this liquid derivative token across DeFi protocols while continuing to earn staking rewards. Interestingly, Vlachos described the initiative as an “Infinite Money Glitch,” highlighting the compounding potential of earning yield while maintaining capital liquidity.
Hyperithm, a leading Korean digital asset management firm, will manage the deposited XRP assets. Meanwhile, Midas, a tokenization platform with over $1.22 billion in total value locked (TVL), is responsible for designing the product’s structure.
In this model, if profits are not realized or losses occur, Hyperithm and Axelar will take responsibility. Notably, the target annual return for mXRP is 10%. This unveiling has sparked significant excitement in the XRP community.
“This is a Dream Coming True”
Panos Mekras, co-founder of Anodos Finance, expressed strong support for the project. According to him, mXRP will be the biggest catalyst for XRPL adoption and activity this last quarter.
He emphasized that earning a 10% APY on XRP through DeFi yield, simply by holding mXRP, is a major opportunity.
Mekras also pointed to the low-risk nature of providing liquidity via an XRP/mXRP pool. He suggested that it could quickly become the top liquidity pool on XRPL due to minimal impermanent loss and dual yield potential.
“This is a dream coming true,” Mekras concluded.
“Next Big Wave of Adoption for the Ledger”
Meanwhile, prominent XRPL advocate Crypto Eri captured the energy of the event in her YouTube coverage. She highlighted the long lines of attendees and the buzz surrounding the mXRP reveal.
“This is really the next big wave of adoption for the ledger,” she said, referencing the XRPL’s expansion into the Asia-Pacific region.
Indeed, Ripple is strategically pushing to establish a strong presence in Korea and Japan as key hubs for regional growth.
At XRP Seoul 2025, Christina Chan, Ripple’s Senior Director of Ecosystem Growth, announced the company’s plan to establish an Asia-Pacific (APAC) hub centered in South Korea.
Chan stated that the initiative will strengthen Ripple’s regional leadership and support fintech innovation in Korea. She also highlighted key ecosystem milestones, including:
- A 100% increase in XRPL DeFi total value locked (TVL) this year
- The successful launch of the EVM sidechain
- The growth of Ripple’s developer event, APEX, which has expanded from 100 to over 3,000 participants since 2021
The Ripple director also revealed that the company operates a 1 billion XRP fund to further fuel XRPL’s global growth.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
