Bybit Partners with Doppler Finance to Launch XRP Yield Product

TLDR

Table of Contents

Bybit has launched a new XRP yield product through a partnership with Doppler Finance.
The product uses vault-based strategies instead of native staking to generate yield.
XRP holders can now earn yield on their assets without modifying the XRP network.
Doppler Finance provides the underlying infrastructure with regulated custody and audited reserves.
Bybit aims to expand the utility of XRP and simplify the yield process for users.

Bybit has introduced a new XRP yield product in partnership with Doppler Finance. The product, available through Bybit Earn, aims to offer yield opportunities for XRP holders. The structure of the product is based on vault strategies rather than native staking, addressing the lack of staking functionality on the XRP network.

Bybit’s New XRP Yield Offering

Bybit has teamed up with Doppler Finance to create a new way for users to earn yield on XRP. The product does not involve staking, which is not supported by XRP’s protocol. Instead, Bybit has built a solution around vault-based strategies that operate in the background. These strategies are designed to generate yield through managed financial techniques, without modifying the XRP network.

Jerry Li, Head of Earn and Wealth Management at Bybit, emphasized that expanding XRP’s utility remains a priority for the exchange. Li noted that the partnership with Doppler Finance allows Bybit to offer yield on XRP while avoiding the complexity associated with staking.

Doppler Finance Provides Infrastructure

Doppler Finance provides the infrastructure behind Bybit’s new XRP yield product. The company’s platform uses regulated custody and audited reserves to ensure security. The vault-based strategies that power the yield product are structured for non-staking assets. This approach helps Bybit avoid the challenges of staking while providing a new revenue stream for XRP holders.

Doppler Finance also emphasizes transparency, with mechanisms in place for reserve attestations and verification. This infrastructure has been designed with institutional-grade security, ensuring compliance with regulated markets. The partnership with Bybit allows both parties to offer a regulated and secure yield product for XRP users.

Strategic Partnership Expands XRP’s Utility

Bybit’s new XRP yield product is part of a broader strategy to expand the utility of the asset within its ecosystem. The product gives XRP holders a way to generate yield without the need for direct involvement in staking. Bybit is adding another income product to its Earn platform, giving users more ways to earn from their assets.

The partnership with Doppler Finance strengthens Bybit’s Earn lineup, providing an alternative to traditional staking. This move reflects the growing trend of offering structured financial products for digital assets.

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