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MoreMarkets Newsroom
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Aug 11, 2025
The two-week pre-deposit phase of the MoreMarkets XRP Earn Account officially finished on August 12, 2025 at 9:00 AM BST time. We’re thrilled to announce that this beta phase was a huge success, with strong participation and impressive results. Here’s what we achieved during these first two weeks:
Total Value Locked (TVL): $6.13 million
Total Wallets Connected: 1,023
Total Rewards Distributed: 1207 XRP
Users Deposited and Earned Rewards: 257
Weekly Payouts: 2 reward distributions so far (first on Aug 1, second on Aug 8)
Two Weeks of Rewards in the Books
Over the past two weeks, we’ve successfully delivered two weekly reward payouts to XRP Earn Account depositors. Participants received their earnings automatically, directly to their XRPL wallets each week with no need to manually claim or move funds.
Our model is simple, transparent, automated, and non-custodial, letting you earn on XRP without giving up control. All rewards were generated through onchain DeFi strategies and paid out in XRP, while your principal stayed securely on the XRP Ledger the entire time. MoreMarkets never took custody of users’ XRP at any point as the system uses smart contracts and a decentralized MPC vault so that you always retain control of your funds.
In short, the XRP Earn Account has shown that it’s possible to earn real yield on XRP through DeFi, without the usual DeFi complexity.
Withdrawals Now Open (Soft Launch)
The pre-deposit phase is over, and withdrawals are now available for those who want to manage or adjust their positions. From now on, you have full flexibility.
That said, you do not need to withdraw to continue enjoying rewards. In fact, we encourage our community to stay deposited and keep earning weekly yield! Your XRP will simply remain in the XRP Earn Account and continue accruing rewards every cycle, just as before. Staying in the XRP Earn Account will allow you to keep growing your XRP holdings with weekly payouts sent directly to your wallet.
How the Withdrawal Process Works
If you choose to withdraw some or all of your XRP, the app will guide you through two steps: “Request Withdrawal” and “Claim.” Here’s what to expect in each one:
Step 1: Request Withdrawal
In the app, start by clicking the “Request Withdrawal” button at the top right of your XRP Earn Account view. You’ll see a one-time approval screen to enable withdrawals. Just tap “Activate Withdrawals Queue” to continue.
Next, choose the amount of XRP you’d like to withdraw. Confirm the details, then click “Confirm Withdrawal.” Once submitted, your withdrawal will appear on the dashboard as “Processing withdrawal request”.
Once your withdrawal request is processed (usually within a minute), it will move to the queue, and you’ll see an estimated date for when it will be ready to claim.
Once you submit a withdrawal request, the protocol’s smart contracts automatically go to work unwinding the strategy to free up your funds. In this phase, the system will withdraw the RLUSD stablecoins from Aave and use those funds to repay the RLUSD loan on Term Finance, which in turn releases your moreXRP collateral.
Essentially, it’s undoing the lending position that was generating your yield. This unwinding process can take up to approximately 2 days, simply to ensure there’s sufficient liquidity and to safely close out all positions.
Step 2: Claim
Once your withdrawal request becomes Claimable, click “Claim Withdrawal” to start the final step. You’ll see a one-time bridge approval screen. Approve it to proceed. This triggers the onchain actions: your released moreXRP tokens are burned on Ethereum, and the equivalent XRP locked in the XRPL vault is unlocked and sent to your wallet.
The claim process is quick, usually 15–20 minutes. You’ll briefly see it as “Claim in Progress,” then it disappears once complete.
After that, your XRP will reappear in your wallet, and the earned yield will be paid until the withdrawal time at the end of the week in line with the payment cycle.
Withdrawal Timing
The Request phase may take up to a couple of days (as the strategy liquidity is unlocked and loans are repaid), and the Claim phase takes only on the order of minutes. We designed this process to prioritize security and smooth execution. All actions are onchain and transparent, so you can trust that when you withdraw, every leg of the strategy is safely unwound before your XRP is released.
Looking Ahead: Continuing Rewards & Upcoming Improvements
The end of the pre-deposit phase is just the start for MoreMarkets. We want to thank everyone who joined early. Your support has helped prove the XRP Earn Account model and its potential.
Weekly reward distributions will continue as before, so if you keep your XRP in the Earn Account, you will keep receiving deposits every week just like during the pre-deposit beta stage. The only change is that you now also have the flexibility to withdraw if you wish.
We are building on this momentum with plans to enhance yields, add new DeFi integrations, and make the experience even smoother, all while staying true to our principles of security, transparency, and simplicity.
We are also getting ready to launch new products in the coming weeks. Stay tuned.
