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Wrapped XRP launches on Solana, boosting DeFi
The Block·
Wrapped XRP (wXRP) is now live on the Solana blockchain, facilitated by Hex Trust and LayerZero. This development allows XRP holders to access Solana's decentralized finance (DeFi) ecosystem without needing to sell their existing XRP holdings. wXRP functions as a 1:1 backed representation of XRP, aiming to enhance its utility. The integration enables XRP holders to participate in Solana's trading, liquidity, and yield opportunities, expanding their investment horizons and potentially increasing XRP's overall market engagement.
Tags
fintech
crypto
defi
Original Source
The Block — theblock.co