Crypto
LendProtocol Introduces Fixed-Rate XRP Lending with 12% APR
LendProtocol has launched a fixed-rate lending platform for $XRP and $RLUSD holders on the $XRP Ledger. The service offers an annual rate of 12%.
Borrowers must provide collateral worth 120% of the loan amount, which can include assets like Bitcoin, Ethereum, Solana, $XRP, $RLUSD, and USDT.
LendProtocol has facilitated over 743 million $XRP in loans and serves more than 13,713 active lenders. The platform takes direct lending exposure if a borrower defaults and uses security measures such as cold storage, data encryption, and two-factor authentication.