So, there’s this mysterious figure in the XRP Ledger community, @Vet_X0, who’s basically the superhero we didn’t know we needed. He’s the founder of an XRPL-based NFT marketplace and runs a dUNL validating node. And guess what? He’s got some serious concerns about XRP being sucked into the black hole of “custodial DeFi.” 😱
XRP: The Independent Spirit of DeFi
Now, let’s get one thing straight: if you’re holding onto your precious XRP, don’t even think about tossing it into the “custodial DeFi” pit, no matter how many influencers are waving their arms and shouting about it. Instead, let’s focus on reinventing the entire global finance system. No biggie, right? 🙄
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.
Your support and active involvement in building the value web is mission critical – thank you.
— Vet (@Vet_X0) February 14, 2025
That’s right, folks! @Vet_X0, the mastermind behind XRP Cafe NFT marketplace and the xrp.vet validator, is here to save the day. 🦸♂️
He’s convinced that the only way to achieve this grand vision is by actively supporting and developing non-custodial applications. Because who needs custodial DeFi when you can have freedom, right? 🎉
And just in case you missed it, the XRPL ecosystem has been buzzing with announcements that hint at a new era of DeFi for XRP and its buddies. It’s like a party, and everyone’s invited! 🎊
XRPL now boasts its own class of smart contracts and on-chain price oracles, paving the way for more DeFi designs to crash onto this veteran blockchain. Talk about a glow-up! 💅
Flare’s Founder Sounds the Alarm on “Celsius 2.0”
Meanwhile, over at Flare (FLR) blockchain, which was born from the XRP ecosystem, CEO Hugo Philion is waving a big red flag. According to the DefiLlama tracker, XRPL DeFi TVL has skyrocketed past $80 million, and RLUSD, the XRPL-centric stablecoin, is flexing with a market cap over $100 million. 💰
Philion is on the same page as our friend Vet, warning that some of the new XRP-centric projects are taking shortcuts that could lead to disaster:
Some of the projects I’m seeing launch around XRP are taking immense shortcuts. If the protocol you are using for your XRPFi (and BTC & DOGE) isn’t built with decentralization at its core then it’s essentially Celsius 2.0.
So, there you have it! The stakes are high, and the drama is real. Let’s hope the XRPL community can navigate these choppy waters without sinking into the depths of custodial chaos! 🚢
Read More
- Top 5 Swords in Kingdom Come Deliverance 2
- Best Avowed Mage Build
- How to Use Keys in A Game About Digging A Hole
- Reverse: 1999 – Don’t Miss These Rare Character Banners and Future Upcoming Updates!
- Brent Oil Forecast
- EUR AUD PREDICTION
- 8 Best Souls-Like Games With Co-op
- OKB PREDICTION. OKB cryptocurrency
- USD DKK PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
2025-02-15 18:30