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mXRP: The new DeFi yield product is revolutionizing the XRP market!
Midas and Axelar launch mXRP, the first DeFi-compatible XRP yield product with annual returns of 6-8%.
mXRP: The new DeFi yield product is revolutionizing the XRP market!
On October 8, 2025, Midas, in collaboration with Axelar and Hyperithm, introduced the first fully DeFi-compatible yield product based on XRP: mXRP. This innovative product allows users to mine a transferable ERC-20 token by depositing XRP as collateral. With mXRP, Midas pursues market-neutral yield strategies and offers users a base return of 6 to 8% paid out in XRP, supplemented by possible additional profits from DeFi protocols. The launch aims to significantly increase the accessibility and usage of XRP in the DeFi sector.
The new mXRP will operate on the EVM sidechain of the XRP Ledger, with infrastructure and interoperability provided by Axelar. Users can generate mXRP by depositing XRP, which tracks the performance of underlying yield strategies such as market making and liquidity provision. Hyperithm takes on the role of “risk curator” and manages the various strategies.
Expected returns and impact on the XRP market
According to Dinkelmeyer, co-founder and CEO of MIDAS, MXRP offers a transparent way to access Onchain strategies. Georgios Vlachos, co -founder of Axelar, describes MXRP as the "perpetual buyer" of XRP, whereby the yields are used from these strategies to buy additional XRP. These tokens are then distributed to the owners of MXRP. If the managed assets (AUM) grows from USD 10 billion from MXRP by June 2026, this could generate a purchase pressure of around $ 700 million for XRP annually.
However, accessibility to the mXRP product is limited by regulatory restrictions in the US, UK and other sanctioned jurisdictions. Unlike traditional XRP yield products, mXRP is a transferable ERC-20 token specifically designed for integration into DeFi applications.
Institutional interest in XRP
The growing interest in XRP yields is increasingly attracting institutional investors. For example, Nasdaq-listed VivoPower recently announced a partnership with Flare to invest $100 million in XRP. These developments are another sign of increasing confidence in the stability and potential of XRP technology in the upcoming digital financial space.
For more information about the mXRP project, you can visit Crypto News.