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XRP-Fi Reboot: Doppler Finance
January 15, 2025
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Introduction

Over the past decade, XRP has played a pioneering role in the blockchain industry alongside Bitcoin, Ethereum, USDT, and USDC, earning its place as a reliable and established asset. Despite having a strong foundation, with over $140 billion in Market cap, and a community of more than 50 million holders, its payment-focused structure has limited its ability to build a robust on-chain ecosystem comparable to Ethereum or Solana.
 
To overcome these limitations and unlock the potential of the XRP Ledger, innovative and practical use cases are required. Today, Doppler Finance introduces the XRP-Fi Reboot strategy with a four-phase roadmap to present new opportunities for the XRP Ledger ecosystem.
 

Early Stage

Building an Integrated XRP-Fi Infrastructure with Intuitive UI/UX
 

The XRP Ledger is known for its lightweight, simplicity, and security. However, the absence of smart contracts has hindered the implementation of conditional logic and interoperability with existing infrastructure, often depending on individual projects’ technical capabilities.
 
To address these challenges, Doppler Finance aims to minimize the structural limitations of the XRP Ledger and establish practical and standardized infrastructure to enhance user accessibility as the first phase of its XRP-Fi Reboot Strategy.
 
Initially, Doppler Finance will integrate WalletConnect into the XRP Ledger ecosystem, offering a seamless and secure solution for connecting fragmented infrastructures. WalletConnect is an open-source standard that facilitates simple and secure interactions across blockchains, enabling users to connect and utilize various XRP Ledger-based services more easily. This integration significantly improves user accessibility and provides an intuitive experience.
 
Additionally, Doppler Finance plans to integrate with The Root Network, a sidechain of the XRP Ledger designed for ecosystem expansion. The Root Network offers a unique experience by enabling users to interact with assets created within an open metaverse ecosystem. Doppler Finance will allow users to leverage metaverse-generated assets within DeFi protocols, thereby creating new liquidity that flows back into the XRP Ledger ecosystem, establishing a virtuous cycle.
 
Moreover, Doppler Finance will support the XRPL EVM Sidechain, which introduces smart contract capabilities to the XRP Ledger. This enables developers to maximize the XRP Ledger’s strengths, such as security and simplicity, while leveraging the flexibility and interoperability of smart contracts. This will expand use cases and enhance the competitiveness of the XRP Ledger ecosystem.
 
Through these integrated approaches, Doppler Finance seeks to alleviate the technical limitations of the XRP Ledger, create a developer- and user-friendly environment, and establish a scalable and robust platform.
 

Bootstrapping Stage

Yield Farming Experience with $XRP & $ROOT

What is Yield Farming?

Yield farming is a DeFi service where users deposit their cryptocurrency assets (e.g.,$XRP, $ROOT) into liquidity pools to earn rewards. Based on the assets deposited, users receive new tokens or additional interest as compensation. This mechanism enhances DeFi ecosystem liquidity and offers users additional earning opportunities.
 

Why Yield Farming was challenging to implement on the XRP Ledger

Yield farming on the XRP Ledger has been challenging due to the absence of a revenue model for nodes and validators. Designed primarily for fast and efficient payments, the XRP Ledger does not provide direct economic incentives for network operators involved in transaction validation and consensus processes. This structure contrasts with Ethereum’s approach, where protocols like Compound implement yield farming through smart contracts, incentivizing liquidity providers and borrowers.
 

Yield Farming with $XRP: Doppler Finance’s Approach

Doppler Finance aims to overcome the limitations of the XRP Ledger by collaborating with CeDeFi (Centralized Decentralized Finance) platforms to provide users with stable and efficient yield farming and lending protocol experiences.
  • CeDeFi Strategies for Revenue By leveraging off-chain strategies, users can generate returns from their deposited $XRP. Secure and scalable operations ensure the safety of user assets while producing rewards.
  • DeFi-based Revenue Doppler Finance plans to increase on-chain use cases for $XRP
    by collaborating with other DeFi protocols, thereby generating yields that will be distributed to XRP depositors.
  • Airdrop Rewards Following its launch, Doppler Finance will run events where users earn points for depositing XRP. These points can later be exchanged for Doppler Finance tokens through airdrops.
 

GTM Stage

LST DeFi Protocol for $XRP

What is LST (Liquid Staking Token)?

LSTs are tokens issued to represent staked assets in a blockchain network, enabling liquidity for staked assets. LSTs eliminate the locked state of staked assets, allowing them to be used in other DeFi protocols for additional liquidity and earning opportunities. Doppler Finance aims to expand $XRP’s utility and introduce new earning mechanisms through LSTs.
 

$XRP-based LST Issuance Mechanism

When users stake $XRP through Doppler Finance’s staking contract, they receive LSTs ($xXRP) in proportion to their staked assets.
  • $xXRP represents the staked $XRP assets and can be freely traded or utilized in DeFi protocols.
  • $xXRP can be exchanged for $XRP at any time, ensuring liquidity for staked assets.

Expanding DeFi Liquidity with LSTs

Users can use their issued LSTs ($xXRP) to participate in the DeFi ecosystem through:
  • Liquidity Provision: Depositing LSTs in liquidity pools to earn trading fees and rewards.
  • Yield Farming: Participating in yield farming on various DeFi platforms with LSTs to earn additional rewards.
  • Lending Protocols: Using LSTs as collateral to borrow assets or pursue new investments.
 

Final Stage

Multi-Chain Restaking Protocol

What is Multi-Chain Restaking?

Multi-chain restaking is an innovative mechanism that extends the liquidity of $XRP beyond the XRP Ledger to contribute to the security and growth of various blockchain ecosystems. This allows
$XRP holders to gain new earning opportunities while enhancing the security of multiple networks.
 

Implementation and Reward Mechanisms for Restaking

  • Contributing to Multi-Chain Security with Liquidity $XRP is utilized to support validator nodes or consensus mechanisms in other blockchain networks, enhancing their security and promoting interoperability across chains.
  • Multi-Chain Reward Structure Users deposit $XRP into restaking pools, allocating assets to other blockchains for security contributions.Rewards in native tokens of the allocated blockchains A share of transaction fees Bonus incentives from Doppler Finance
 

Conclusion

Through the XRP-Fi Reboot strategy, Doppler Finance seeks to realize a new vision for the XRP Ledger ecosystem. Yield farming, LSTs, and the multi-chain restaking protocol are designed not just to add functionalities but to transform the XRP Ledger into an open and flexible ecosystem accessible to all.
 
By driving user participation, creating new opportunities within the ecosystem, and establishing
$XRP as a versatile and sustainable asset, Doppler Finance aims to unlock the full potential of the XRP Ledger.
 
The Ultimate Yield Platform for XRPL Ecosystem 🔗
 
 
 
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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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