XRP Yield Innovation or Risk? Midas & Interop Labs Face Mixed Response

Some partners of the Ripple ecosystem have collaborated to launch a new yield-bearing product for the XRP Ledger’s (XRPL) native token; however, the effort has met mixed reactions from community members.

According to a blog post from blockchain developer Interop Labs, a partnership with the tokenization platform Midas gave birth to mXRP, which is described as a tokenized exposure product offering yield strategies for XRP holders.