Doppler Finance Brings Institutional DeFi to Coinbase-Backed XRP on Base

cbXRP's utility has just increased significantly thanks to Doppler Finance's expansion to Base, Coinbase's Ethereum Layer-2 chain. cbXRP holders can now use their tokens in DeFi protocols on Base, including lending, borrowing, and collateral strategies.

Doppler Finance is an institutional-grade yield infrastructure protocol that was originally built on the XRP Ledger (XRPL). Its expansion to Base marks the first time its infrastructure is available to the broader Base DeFi ecosystem. cbXRP is the first supported asset, with additional tokenized assets planned in later phases.

cbXRP holders can deposit their tokens into lending markets to earn interest or use them as collateral to borrow stablecoins or other crypto assets on Base. This expansion represents a structural shift in tokenized finance, according to Rox Park, Head of Institutions at Doppler Finance.