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Decrypt
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For contact: @de_cryptbot / @Decrypt_adbot

All about new financial markets, decentralization and blockchain. And a few memes
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Axelar is developing a tokenized XRP yield product that can be described as a liquid staked XRP token. The idea is to capture DeFi yields and deliver them in XRP terms, providing XRP holders with an on-chain yield mechanism.

As highlighted in this post by Georgios, the structure could have interesting effects on XRP demand by creating sustained buy-pressure.

For those interested in cross-chain yield and XRP market dynamics, this is a development to follow.

https://x.com/yorgosv_/status/1966196227755663854
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