XRP holders will soon be able to earn ‘much better returns’ on Cardano

Cardano (ADA) and XRP are two of the larger blockchain projects. Instead of entering into the competition, they seem to grow closer together. Cardano founder Charles Hoskinson has been praised several times about Ripple, and now both networks are about to work closer together.

‘Better returns’ with midnight

Hoskinson once again made himself heard in the many live streams he does. In his most recent session he announced that he had an ambitious plan. XRP owners will soon have access to the decentralized finance (Defi) ecosystem on Cardano. Midnight, Cardano’s emerging sidechain, must be used for that.

XRP tokens must be able to be brought to midnight with the help of a ‘bridge’. For example, investors could soon benefit from new ways to earn returns. Think of strike, but also loans or participation in liquidity pools. Something that is not (yet) possible with the XRP Ledger itself. According to Hoskinson, XRP holders can expect “much better returns” at Midnight than they are used to within their own ecosystem.

Midnight was originally introduced in 2022 as a solution for realizing confidential smart contracts. This does this by shielding sensitive data, while still meets global regulations, such as the European General Data Protection Regulation (AVG). In the meantime it has grown to more than just privacy. The developers soon saw that there was a great need for combinations of privacy and functionality, especially within the world of Defi.

The test network has been live since 2024 and the official launch of the ‘MAINNET’ will have to take place this year. The expectations are high. According to Hoskinson, it will be “a historic moment”.

Airdrop over meerdere blockchains

The cooperation between Cardano and XRP does not stop there. Hoskinson also announced that XRP wallets are eligible for the Glacier Drop. This is an airdrop campaign in which Night and Dust tokens, the new tokens that are part of Midnight, are spread over more than 37 million wallets, spread over several block chains.

In addition, the official Cardano Wallet, Lace, will offer support for XRP. And as icing on the cake, the possible integration of Ripple’s Stablecoin Rlusd is also discussed on the Cardano network.