New Opportunities for XRP Holders: How Doppler Finance Unlocks Yield Potential

Recently, the cryptocurrency market has been highly volatile, but XRP has performed exceptionally well, becoming one of the few tokens to outperform Bitcoin. From a low of $0.287 in June 2022, XRP once reached a high of $3.4, increasing by more than 1085%. Although it has now fallen back to around $2.1, it still maintains an increase of over 630%. This strong performance has propelled XRP back into the top three of the cryptocurrency market cap rankings, even briefly surpassing Ethereum to become the second largest cryptocurrency after Bitcoin.

However, XRP holders have long faced a dilemma: due to the technical limitations of the XRP Ledger, the profit opportunities for holding XRP are limited. The XRP Ledger uses a Federated Byzantine Agreement (FBA) consensus mechanism, which cannot support native staking like PoS networks such as Ethereum. At the same time, due to the lack of support for smart contracts, the development of XRP's DeFi ecosystem is relatively slow, making it difficult for holders to unlock greater value through DeFi tools.

Doppler Finance was born to address this issue. It introduces the concept of "XRPfi", aiming to help XRP holders unlock new earning opportunities by utilizing XRP and other assets within the XRPL ecosystem (such as RLUSD). According to Doppler Finance, currently 92% of the total supply of XRP is idle, corresponding to a market value of approximately $113 billion. The core mission of the protocol is to convert these idle XRPs into active assets, helping holders "earn more".

Doppler Finance explores multiple new revenue channels for XRP by combining CeFi and DeFi:

1. XRPfi product: An integrated institutional-grade custody solution that allows XRP holders to securely participate in institutional-grade yield strategies.

2. Liquid Staking: Providing liquid staking services similar to Ethereum and Solana on XRPL sidechains (such as the PoS mechanism of the Root Network).

3. Lending Agreement: A lending agreement customized for the XRPL sidechain has been launched, allowing users to conduct lending operations using XRP and other assets within the broader XRPL ecosystem.

Doppler Finance's research shows that approximately 52% of XRP holders wish to unlock new revenue opportunities through staking and other channels, indicating that the product has a very high market demand fit. Since its official launch in the first quarter of this year, Doppler Finance's business data has grown rapidly, further confirming this.

On February 14, Doppler Finance officially launched with a capped deposit mechanism. The initial quota of 200,000 XRP was snapped up within one minute. In the subsequent rounds of openings, user demand remained strong. As of now, the fourth batch of deposits has been opened, with a total limit of 10 million XRP, and about 8.39 million XRP has been deposited, corresponding to a TVL of approximately $16.73 million. All deposited XRP can enjoy a real-time APY yield of 3-4.5%.

In addition to basic earnings, Doppler Finance has also launched a points program that offers users potential airdrop opportunities. The points are divided into Doppler Points (DP) and Resonance Points (RP). DP is mainly aimed at XRPfi scenarios, while RP focuses on liquidity staking and lending scenarios on sidechains. Currently, DP points have been activated, allowing users to earn 0.01 DP for every dollar worth of tokens deposited each hour. To incentivize early participation, the current fourth batch of deposits can receive a 2x DP points bonus.

In terms of interaction, Doppler Finance's UI design is clear and concise. Users need to download wallets like Girin Wallet for the XRPL network, and after transferring XRP, they can perform deposit operations on the Doppler Finance platform. Users can also view their positions and points in real-time through the Dashboard and Points interface.

With Ripple reaching a preliminary settlement agreement with the SEC, the XRP ecosystem is entering a phase of accelerated development. Ripple has recently made significant progress in stablecoins, ETFs, institutional services, and more, but is primarily focused on the B-end sector. The emergence of Doppler Finance fills the gap in the C-end layout, providing a new revenue channel for XRP holders. Through Doppler Finance, the XRP ecosystem, valued at hundreds of billions of dollars, is expected to be "awakened," thereby completely activating the ecological vitality of XRP.