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

During this cycle, although many believe that Bitcoin dominates, there are actually a few tokens that have outperformed BTC. Ripple (XRP) is one of the standout performers. From the low of $0.287 in June 2022, XRP reached a high of $3.4, representing a maximum increase of about 1085%. As of now, XRP has fallen back to around $2.1, but it is still up over 630% from the cycle low. In a period where other altcoins have generally performed poorly, XRP's strong performance has brought it back into the top three of cryptocurrency market capitalization rankings, and based on fully diluted valuation, XRP has even briefly surpassed ETH multiple times, becoming the second largest cryptocurrency after BTC.

The Dilemma Faced by XRP Holders: Limited Earning Opportunities

Despite the impressive performance of XRP in the secondary market, there is a significant long-term issue for its supporters - due to the blockchain characteristics of the XRP Ledger, holders of XRP have limited earning opportunities, and users cannot gain other benefits apart from price appreciation through long-term holding.

The XRP Ledger adopts a Federated Byzantine Agreement (FBA) consensus mechanism, which does not support native staking like PoS networks such as Ethereum and Solana. Therefore, XRP holders cannot earn rewards through staking like ETH and SOL holders can. Additionally, since the XRP Ledger does not support smart contracts, the development of the DeFi ecosystem around XRP is relatively slow, making it difficult for holders to unlock greater value through DeFi tools.

Doppler Finance aims to address this issue. It proposes a new concept called "XRPfi", with the goal of helping XRP holders unlock new earning opportunities by utilizing XRP and other assets within the XRPL ecosystem (such as RLUSD).

Doppler Finance states that 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 XRP into active assets, helping holders "earn more."

Specifically, Doppler Finance will explore multiple new revenue channels for XRP by combining CeFi and DeFi:

1. XRPfi product: Integrates institutional-grade custody solutions, allowing XRP holders to securely participate in institutional-grade yield strategies.

2. Liquidity Staking: Providing liquidity staking services similar to Ethereum and Solana on the XRPL sidechain (such as Root Network), allowing users to earn staking rewards while maintaining liquidity.

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

According to a survey by Doppler Finance, about 52% of XRP holders hope to gain new income opportunities through staking and other means, indicating a high market demand fit for this product. Since its official launch in the first quarter of this year, the rapid growth of Doppler Finance's business data has also confirmed this.

Demand Scale: Actual Data Explanation

Doppler Finance officially launched on February 14, initially using a capped deposit mechanism to ensure security.

• The first day deposit limit was 200,000 XRP, which was completely snapped up within a minute.
• On February 16, the second batch of deposit limit of 1,000,000 XRP was filled within 15 minutes.
• On March 21, the third batch of deposit limit is 5 million XRP, and the total locked value of the agreement has quickly surpassed 10 million dollars.
• On April 14th, the fourth batch of deposits will be opened, with a limit of 10 million XRP.

As of the time of writing, approximately 8.39 million XRP have been deposited, corresponding to a TVL of about 16.73 million dollars. All XRP deposited into Doppler Finance can enjoy a real-time APY yield of 3-4.5%, which is more attractive compared to static holding of XRP.

Potential Airdrop Opportunity: Points Program Has Been Launched

In addition to basic earnings, participating in Doppler Finance may also yield additional profits - by earning points, there is hope to unlock future airdrops.

Doppler Finance has launched a points program, which is divided into Doppler Points (DP) and Resonance Points (RP). DP is primarily aimed at the XRPfi scenario, which involves participating in institutional-level yield strategies through XRP deposits; RP, on the other hand, focuses on liquidity staking and lending scenarios on sidechains.

DP points have started to be calculated. For every token deposited worth 1 dollar, you can earn 0.01 DP per hour. The current fourth batch of deposits also offers a 2x DP points bonus. Users can also earn 10% of the points from the invited person through invitations.

XRP has not been launched yet, but it is reported that its calculation model will be similar to DP.

Although the official has not explicitly mentioned the future use of these points, only emphasizing that obtaining points can make one an "early contributor" to the protocol, according to industry practices, points are often related to airdrops. Therefore, the future value of DP and RP is worth looking forward to.

Participation Guide

The UI design of Doppler Finance is clear, and the interaction is relatively simple. Currently, the core XRPfi products and the lending products based on the Root Network sidechain have been launched.

Taking the XRPfi product as an example, due to the use of the XRPL network, users need to download wallets such as Girin Wallet. After transferring XRP to the wallet address, connect the wallet and click "Deposit" on the Doppler Finance frontend, then select the amount of XRP to deposit to complete the operation. Users can view their positions and points in real-time through the Dashboard and Points interface.

Ripple's Development Accelerates, Doppler Finance is Indispensable

Recently, the regulatory environment has improved, and the SEC has reached a preliminary settlement agreement with Ripple, allowing Ripple to shed long-term regulatory troubles and enter a fast track of development.

Ripple has been very active recently:

• Launched RLUSD at the end of last year, entering the stablecoin market
• XRP ETF progress continues
• Acquired Hidden Road for $1.25 billion to expand services for institutional investors.
• The Chicago Mercantile Exchange plans to launch XRP futures

These achievements are mainly concentrated in the B-end field, while the C-end layout is relatively limited. The emergence of Doppler Finance just fills this gap. With the new income channels provided by Doppler Finance, the XRP held by users is no longer idle and can seek value-added opportunities in the CeFi and DeFi sectors. This will activate an XRP ecosystem worth hundreds of billions of dollars, greatly enhancing the ecological vitality of XRP.