$XRP
There are many questions about $mXRP, and I have gathered more than 10#Xrp🔥🔥 common questions and created a FAQ section:
1. What is mXRP?
mXRP is the first liquidity token for staking on XRPL. It is a version of XRP that yields a return for its holders. Therefore, the price of mXRP is expected to continuously rise against XRP and to be traded at a higher price. Simply put: mXRP = XRP + accumulated yield.
2. Where can I buy it?
You have two options:
1. You can either go directly to the issuer platform (midas.app/mxrp) to mint mXRP, but this is subject to jurisdictional restrictions and is somewhat complicated due to the need to link and use multiple wallets.
2. Or... you can simply use dex.anodos.finance to access it directly from XRPL and swap from XRP to mXRP without any complications.
3. Where does the yield come from? Through various strategies, including lending, market making, and depositing through decentralized finance (DeFi) protocols, among others. Asset managers first freeze XRP and borrow against it in the form of stablecoins, then use the stablecoin capital for various strategies to earn money. The entire process is transparent, and you can check it out here: midas.app/transparency?t…
4. axelar and @MidasRWA, which are also subject to auditing and regulation. You should always do your own research and determine whether it is worth the risk or not.
6. Do I have to give up my XRP?