mXRP, a yield-bearing tokenized XRP product, expands to BNB Chain via Lista DAO
Yield-bearing tokenized XRP product mXRP is expanding to BNB Chain through an integration with the Lista DAO lending protocol.Summary
mXRP, a yield-bearing tokenized XRP product from Midas and Interop Labs, is expanding its availability beyond the XRP Ledger to the BNB Chain via an integration with Lista DAO. This integration allows mXRP to be used as collateral within Lista’s lending markets, enabling users to stack mXRP's base yield with additional DeFi returns. Dennis Dinkelmeyer, CEO of Midas, noted that Lista is the first BNB Chain partner, with liquidity provided by the Hyperithm XRP vault. mXRP, an ERC-20 token launched in September, represents staked XRP plus returns from market-neutral strategies executed by counterparties like Hyperithm. While built on Axelar infrastructure, mXRP is being issued natively on BNB Chain for user experience, as Axelar cross-chain functionality for Midas tokens is not yet live. The move aims to tap into the large base of BNB Chain users holding wrapped XRP, offering them a new way to earn yield on their positions.
(Source：The Block)