A New Opportunity for XRP Holders: How Doppler Finance Activates Idle Assets

During this round of the cryptocurrency market cycle, Ripple (XRP) has performed exceptionally well. Starting from a low of $0.287 in June 2022, XRP has reached a high of $3.4, an increase of 1085%. Although there has been a recent pullback, it still maintains an increase of over 630%. This strong performance has allowed XRP to re-enter the top three in cryptocurrency market capitalization rankings, even briefly surpassing ETH to become 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's use of the Federated Byzantine Agreement (FBA) consensus mechanism, it does not support native staking or smart contracts, making it difficult for XRP holders to earn additional income through staking or DeFi tools like other public chain tokens.

Doppler Finance aims to address this issue. It introduces the concept of "XRPfi," which aims to help XRP holders unlock new earning opportunities by utilizing XRP and other assets within the XRPL ecosystem. According to Doppler Finance, currently, 92% of the total supply of XRP is sitting idle, corresponding to a market value of about $113 billion.

Doppler Finance plans to create earning opportunities for XRP in various ways:

1. XRPfi Product: Integrated institutional-grade custody solutions that allow XRP holders to safely participate in institutional-grade yield strategies.

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

3. Lending Agreement: A lending protocol specifically designed for the XRPL sidechain, supporting lending operations for XRP and other assets.

Since its launch on February 14, 2023, Doppler Finance has shown strong market demand. From an initial deposit limit of 200,000 XRP, the subsequent limits of 1,000,000 and 5,000,000 XRP were quickly filled, and now with the fourth batch of 10,000,000 XRP deposit limit, user participation continues to rise. As of the time of writing, approximately 8,390,000 XRP have been deposited, corresponding to a TVL of about $16.73 million. These deposited XRP can enjoy a real-time APY return of 3-4.5%.

In addition to basic returns, Doppler Finance has also launched a points program to provide users with potential airdrop opportunities. The points are divided into Doppler Points (DP) and Resonance Points (RP), focusing respectively on the XRPfi scenario and the sidechain liquidity staking and lending scenario. Currently, DP points have been launched, and users can earn 0.01 DP for every $1 worth of tokens deposited each hour, with the current fourth batch of deposits also receiving a 2x DP points bonus.

Participating in Doppler Finance is relatively simple. Users need to download a wallet that supports the XRPL network (such as Girin Wallet), transfer XRP to the wallet address, and then complete the deposit operation in the Doppler Finance application interface. Users can view their positions and points in real-time through the Dashboard and Points interface.

With Ripple's recent significant progress in regulation, stablecoins, and institutional services, the emergence of Doppler Finance fills the gap in Ripple's C-end layout. By providing new revenue channels, Doppler Finance is expected to activate idle XRP worth hundreds of billions, thereby comprehensively enhancing the activity and value of the XRP ecosystem.