XRP Holders Can't Stake Coins, But There Are Still Ways to Earn Rewards

The XRP Ledger does not support staking rewards like Ethereum and Solana do. This is because the ledger's validation process does not require validators to lock up their coins, and they receive no block rewards or transaction fees.

Instead, exchanges and custodial platforms offer earn programs that allow users to deposit XRP and collect a share of what the company makes by lending it out.

The Flare network, built on top of the XRP Ledger, offers a way for holders to mint FXRP, a wrapped version of XRP, which can then be deposited into Firelight. However, Firelight has never paid a yield to anyone, and depositors collect points instead.