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XRP Tokens Will Soon Be Able to Engage with DeFi Applications

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Sun, 04/11/2021 - 07:42
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Alex Dovbnya
WanChain is about to integrate XRP, enabling yield farming and liquidity mining
XRP Tokens Will Soon Be Able to Engage with DeFi Applications
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According to a recent announcement made by Wanchain CEO Jack Lu, decentralized cross-chain bridges for XRP, the fourth-largest cryptocurrency, are set to go live on the mainnet in the nearest future:

This means that XRP tokens can now be used for liquidity mining and yield farming.

The cross-chain integration will make it possible for XRP holders to engage with different applications on Wanchain and Ethereum.   

They will also be able to interact with Bitcoin and EOS, two previously added chains.

Related
Ripple Can Replace XRP with Alternative, According to CEO Brad Garlinghouse

Emi Yoshikawa, vice president of global corporate strategy and operations at Ripple, said that she was excited to see the XRP ecosystem supporting new use cases:  

Exciting to see the XRP ecosystem getting further expanded to support new use cases such as DeFi.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.