LendProtocol has launched a fixed-rate lending platform on the XRP Ledger, giving XRP and RLUSD holders a new way to earn yield through lending instead of staking.

The platform offers a fixed annual percentage rate (APR) of 12% on deposits of both assets, with interest paid daily and no lock-up period.

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The launch adds another lending option to the XRP Ledger ecosystem at a time when demand for yield-generating products continues to grow even as the XRP price remains subdued.

Unlike proof-of-stake networks, XRP cannot be staked to earn native rewards, making lending one of the few ways holders can generate passive returns.

Fixed Returns Backed by Overcollateralized Loans

According to LendProtocol, users who borrow funds on the platform must provide collateral worth at least 120% of the loan value. Supported collateral includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, RLUSD, and Tether (USDT).

According to a press release shared by the company, the newly launched platform lends funds at a fixed rate of 12.7% APR while paying depositors 12% APR, with the difference forming its operating margin.

Depositors can withdraw their assets at any time, eliminating the need for fixed-term commitments that are common on many lending platforms.

LendProtocol also said it has implemented security measures, including AES-256 GCM encryption, cold storage for digital assets, and mandatory two-factor authentication for user accounts.

Platform Targets Yield Opportunities on the XRP Ledger

LendProtocol describes its service as a centralised finance (CeFi) lending platform built on the XRP Ledger.

The company noted that it operates independently and is separate from Ripple’s proposed native lending standard, known as XLS-66, which is still under development for the XRP Ledger ecosystem.

The platform claims to have attracted more than 13,700 active lenders and facilitated lending of over 743 million XRP since its launch. Those figures highlight growing interest in lending services designed specifically for XRP holders seeking predictable returns.

The addition of RLUSD support is also notable. Ripple introduced the US dollar-backed stablecoin to expand payment and decentralised finance use cases on the XRP Ledger.

By allowing both XRP and RLUSD deposits to earn a fixed return, LendProtocol is expanding the range of yield opportunities available within the network.

The launch comes as lending continues to play a larger role in the digital asset market, with platforms increasingly focusing on fixed-rate products and overcollateralized loans to attract users looking for more predictable returns.

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