XRP Ledger developers highlight the largest RLUSD liquidity pool incentive program

CoinNetwork · 2026-03-03T17:55:27+00:00

Developer Panos Mekras highlighted the advantages of Ripple USD(RLUSD), XRP, and the XRP Ledger, stating that First Ledger's new incentive program attracted nearly $500,000 worth of XRP liquidity and offers an annualized yield of 12.8%. He believes that the allocation of 1 billion XRP will significantly change the ecosystem, although the total value locked (TVL) in DeFi on the XRP Ledger remains far below Ethereum's.

CoinNetwork

2026-03-03 17:55:27

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Developer Panos Mekras emphasized the appeal of Ripple USD (RLUSD), XRP, and the XRP Ledger, and praised First Ledger for launching a new incentive program aimed at rewarding RLUSD holders. The program attracted nearly $500,000 worth of XRP liquidity within just a few days, providing a 12.8% annualized return for the XRP/RLUSD pool. Mekras noted that his team proposed a similar plan to Ripple last year to boost liquidity on decentralized exchanges (DEX), but it was ultimately not implemented. He believes that if the XRP community can secure a distribution of 1 billion XRP, the ecosystem will undergo a significant transformation, although the total value locked (TVL) in XRP Ledger DeFi is currently less than $47 million, still far behind Ethereum’s $52.8 billion.

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