<![CDATA[What is wXRP and how does it work?]]>

<![CDATA[What is wXRP and how does it work?]]>

Q: What is wrapped XRP (wXRP)?
wXRP is a tokenized version of XRP that exists on other blockchains like Solana. It is backed 1:1, meaning each wXRP represents one real XRP locked in custody.

Q: How do you get wXRP?
Users deposit their XRP through a regulated custodian, Hex Trust, and receive wXRP on Solana. When they redeem it, the wXRP is burned and the original XRP is released.

Q: What’s the benefit?
It allows XRP holders to access DeFi tools like swapping, lending, and earning yield without selling their XRP holdings.

]]>https://undeads.com/forum/topic/18669/what-is-wxrp-and-how-does-it-workRSS for NodeThu, 30 Apr 2026 04:48:03 GMTSat, 18 Apr 2026 13:50:09 GMT60<![CDATA[Reply to What is wXRP and how does it work? on Sat, 18 Apr 2026 15:13:15 GMT]]>the 1:1 backing model is straightforward, but trust depends on the custodian

]]>https://undeads.com/forum/post/50895https://undeads.com/forum/post/50895Sat, 18 Apr 2026 15:13:15 GMT