Midas RWA XRP (mXRP)

General information for everyone, not personal advice. We are never paid by the products we grade and take no commission on deposits. A risk grade is not a credit rating or a recommendation.

• -25 A company holds the keys to deposited funds (The token issuer (Midas RWA) manages the assets behind the token). You rely on it to give the money back.
• -10 The XRP here is a bridged or wrapped version on another chain.
• -15 Small: about $813K in it.
• -5 No public proof of reserves.

The facts

Rate

2.21% a year (current yearly rate as reported by DefiLlama (it changes every day))

Size

$813K

Lockup

None.

Getting your money out

Redeem through the token issuer on its terms, or sell the token where it trades.

Who holds the keys

A company: The token issuer (Midas RWA) manages the assets behind the token

Chain

XRPL EVM

Bridge

Bridged or wrapped XRP

Age

Since Jul 12, 2024

Audits

2 report 1

Data source

DefiLlama yields API · read Oct 16, 17:55 UTC

• Age is when DefiLlama started tracking the protocol or this pool, whichever is earlier: a close stand-in for its launch.

Product site: midas.app (no referral code; we earn nothing if you use it)

Email me if this grade changes