• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRPL Community Dismisses 'Custodial DeFi', Calls for New Solutions

user avatar

by Giorgi Kostiuk

a year ago

Experts highlighted the dangers of 'custodial DeFi' for XRP and called for new approaches in financial technology.

XRPL Innovators Sound the Alarm

Among the voices raising concerns is @Vet_X0, founder of an XRPL-based NFT marketplace and operator of a dUNL validating node. He stressed that XRP holders should avoid 'custodial DeFi'.

We can't put our XRP in custodial XRPL DeFi hyped by influencers. Instead... Our purpose is to reinvent the foundation on which global finance is built.Vet

Concerns from Flare Founder

Hugo Philion, CEO of Flare, agreed with @Vet_X0, emphasizing that projects in the XRP ecosystem might be too centralized. He noted that some of these projects are essentially 'Celsius 2.0'.

Some of the projects I’m seeing launch around XRP are taking immense shortcuts. If the protocol you are using isn’t built with decentralization, it’s essentially Celsius 2.0

Future for XRPL DeFi

The XRPL ecosystem is actively developing with smart contracts and oracles, facilitating DeFi growth on the platform. This opens new opportunities for innovations in financial technology.

The XRPL community and experts continue to discuss new approaches to decentralization, emphasizing the importance of sustainable technology development.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Massive Movement of Shiba Inu Tokens After Two Years

chest

A wallet identified as 0xbOe8 transferred approximately 145 billion SHIB tokens to the crypto exchange OKX after nearly two years of inactivity.

user avatarJesper Sørensen

Michael Saylor Highlights Bitcoin's Resilience in the Age of AI

chest

Michael Saylor discusses Bitcoin's potential benefits in the context of AI's impact on market valuations.

user avatarLucas Weissmann

Signs of Liquidity Absorption in Bitcoin Market

chest

A shift in market dynamics shows signs of liquidity absorption as buyers begin to reabsorb sell-side pressure.

user avatarRajesh Kumar

Chamath Palihapitiya Warns of AI's Disruptive Potential on Market Valuations

chest

Chamath Palihapitiya warns that AI's disruptive potential may lead to a significant revaluation of market equities, challenging traditional investment strategies.

user avatarFilippo Romano

Bitrefill Discloses Cyberattack Details

chest

Bitrefill disclosed details of a cyberattack on March 1, 2026, involving compromised employee credentials and unauthorized access to its database.

user avatarEmily Carter

SEC Introduces New Rules for Bitcoin ETF Collateral Use

chest

The SEC has introduced new rules allowing Bitcoin ETF holdings to be used as collateral for margin trading, enhancing institutional integration of Bitcoin.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.