Lido Staked Ether price

There are many questions around $mXRP and I have gathered the 10 most common ones and created a FAQ: 1. What is mXRP? mXRP is the first liquid staking token on XRPL. It's a yield-bearing version of XRP that generates yield for its holders. So the price of mXRP should continuously grow against XRP and trade at a premium. In simple words: mXRP = XRP + accumulated yield. 2. Where can I buy it? You have 2 options: 1. You can either go directly to the issuer's platform ( to mint mXRP, but it has limitations on jurisdictions and it's a bit complicated since you must bridge and use multiple wallets. 2. Or... you can simply use to access it directly from XRPL and swap from XRP to mXRP without any complications. 3. Where does the yield come from? From various strategies including lending, market making, depositing on DeFi protocols etc. The asset managers first lock XRP and borrow against it in stablecoins, and then they use the stablecoin capital for different strategies to make money. The whole process is transparent and it will be accessible here: 4. How do I claim the yield or redeem for XRP? All you need is to hold mXRP. Something to clarify is that you don't receive extra tokens, the yield and rewards are automatically added and embedded into mXRP's value. So the way it works is that in 1 year from now selling 100 mXRP should get you 110 XRP, if the 10% APY is maintained (the APY and yield will be updated on weekly basis). So the profit is realized once swapped back to XRP or redeemed via As more and more yield is generated, mXRP's price should continuously grow against XRP, making it more and more expensive, and giving you more and more XRP over time when you swap back. There is also the option to provide liquidity on the XRP/mXRP pool for extra yield generated by the LP fees: 5. Is it risk-free? How safe is it? Nothing in life is risk-free, and $mXRP is no exception. Everything involves risk, either high or low. There’s always a chance of smart contract bugs, platform issues, or market swings messing things up. But, this is launched by industry leaders such as @axelar and @MidasRWA, which are also audited and regulated. You should always do your own research and decide for yourself if it's worth the risk for you or not. 6. Do I have to give up my XRP? mXRP works in a similar way to other liquid staking tokens such as stETH, jitoSOl, sAVAX. Which means that if you want to get the yield from these tokens, you have to buy that asset and hold it. Either that's by selling XRP or adding new capital to buy mXRP. 7. Is this good for XRP? Will add buying or selling pressure? As mentioned by Axelar and Midas, the goal is to become a perpetual buyer of XRP. Every XRP used to mint mXRP is locked, meaning it's taken out of circulation. And with the extra yield generated, more XRP is bought, adding constant buying pressure. 8. What's the role of @AnodosFinance on this? Anodos is one of the main partners of Axelar and the go-to DEX interface for the XRPL ecosystem, giving easy access to mXRP via swaps and liquidity pools. Axelar's bridge is used to move mXRP from the XRPL EVM sidechain to XRPL, bringing mXRP directly to XRPL mainnet, and through Anodos' ANODEX users can easily access it without going through the complicated procedure from the EVM sidechain. 9. What's the difference between mXRP and FXRP? mXRP and FXRP are a bit different, but ultimately both good for XRP and XRPL. mXRP is a yield-bearing token that is available directly on XRPL, and backed 1:1 by XRP. It has some centralized elements and the capital is managed by asset managers, but easily accessible. FXRP, on the other hand, is a trustless version of XRP on Flare Network (backed and overcollateralized by FLR, stablecoins, and XRP), but it doesn’t inherently generate yield like mXRP. FXRP is for using it primarily on Flare network and deploying it by yourself into different DeFi protocols and strategies to generate yield, while mXRP is not trustless, but does all the heavy lifting for you and all you need is to just buy and hold. 10. Should I jump in with all my XRP? As with any asset, never put everything in one basket. First understand how it works, what are the risks, and what amounts you feel comfortable with investing and holding. You can also listen to some key points from Axelar and Midas founders @yorgosv_ and @DDinkelmeyer! And also the space and Q&A we did with Yorgos: If you have any other questions, shoot them in the comments.