New Opportunities for the XRP Ecosystem: Doppler Finance Activates Idle Assets

In this round of the cryptocurrency market cycle, Ripple (XRP) has performed exceptionally well. Starting from a low of $0.287 in June 2022, XRP reached a peak of $3.4, an increase of up to 1085%. Although there has been a recent pullback, the current price is around $2.1, which still represents an increase of over 630% compared to the cyclical low. This strong performance has allowed XRP to return to the top three by market capitalization, even briefly surpassing ETH, making it the second-largest cryptocurrency after BTC.

However, XRP holders have long faced a dilemma: a lack of additional earning opportunities. Due to the XRP Ledger adopting a Federated Byzantine Agreement (FBA) consensus mechanism, it does not support native staking and lacks smart contract functionality, making it difficult for XRP to participate in the DeFi ecosystem like other mainstream cryptocurrencies.

To solve this problem, Doppler Finance proposed the concept of "XRPfi", aiming to create new revenue channels for XRP holders. According to statistics, 92% of the total supply of XRP is currently idle, corresponding to a market value of approximately $113 billion. The mission of Doppler Finance is to activate these idle assets and help holders earn more returns.

Doppler Finance opens up diversified income avenues for XRP by combining CeFi and DeFi:

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

2. Sidechain Liquidity Staking: Provide liquidity staking services similar to ETH and SOL on XRPL sidechains (such as Root Network).

3. Customized lending agreement: Designed specifically for XRPL sidechains, supporting lending operations for XRP and other assets.

Since its launch on February 14, Doppler Finance has demonstrated strong market demand. The initial deposit limit of 200,000 XRP was snapped up within a minute, and the subsequent limit of 1,000,000 XRP was filled within 15 minutes. As of the latest data, the platform has attracted approximately 8.39 million XRP in deposits, with a total locked value of 16.73 million USD. Users can enjoy real-time APY returns of 3-4.5%, far exceeding static holding.

In addition to basic earnings, Doppler Finance has also launched a points program that may be related to future token airdrops. The points are divided into Doppler Points (DP) and Resonance Points (RP), corresponding to XRPfi and sidechain DeFi scenarios, respectively. Currently, users can earn 0.01 DP for every 1 dollar equivalent token deposited per hour, and the current deposits can enjoy a 2x points bonus.

Recently, with Ripple reaching a preliminary settlement with the SEC, the XRP ecosystem is entering a rapid development period. Ripple's launch of the RLUSD stablecoin, acquisition of Hidden Road, and promotion of the XRP ETF all demonstrate its ambitions. Against this backdrop, the emergence of Doppler Finance perfectly fills the gap in the C-end layout, providing key support for activating the value of the XRP ecosystem.

Through the new yield channels provided by Doppler Finance, the hundred billion dollar XRP is expected to be awakened from its idle state, injecting new vitality into the entire ecosystem. For XRP holders, this undoubtedly opens a new era full of opportunities.