Frequently Asked Questions
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Overview
How do I start earning?
Sign up with your email, social ID or connect an XRP wallet like Xaman. Deposit XRP, and the system deploys it automatically into the earning strategy.
What is the MoreMarkets XRP Earn Account?
A self-custodial product that lets you earn yield on XRP without moving it off the XRP Ledger. Your XRP stays locked in a secure onchain vault, while an equivalent token is used in DeFi to generate returns.
Who can use XRP Earn?
Anyone in supported regions with an XRP wallet and internet access. Some locations may be restricted due to regulations.
Why XRP?
XRP has no native staking or yield options, so most sits idle. This product unlocks earning potential for XRP holders securely.
How It Works
Why only borrow 50% of my XRP’s value?
This conservative loan-to-value ratio reduces liquidation risk during price drops.
How can XRP earn yield if XRPL doesn’t use proof of stake?
The yield comes from lending a USD stablecoin (borrowed against your XRP) in DeFi markets like Aave. Borrowers pay interest, which becomes your earnings.
How is the yield paid in XRP?
How is the yield paid in XRP?
What does “intent-based” mean?
You choose the action (deposit, withdraw), and the system automates all the technical steps in the background.
What is Aave?
Aave is a leading DeFi lending platform. MoreMarkets uses it to lend RLUSD for yield.
What is moreXRP?
It’s a wrapped XRP token representing your XRP on Ethereum. It’s minted when you deposit XRP and is used as collateral in DeFi.
What is RLUSD?
RLUSD is Ripple’s USD-pegged stablecoin. It’s borrowed against moreXRP (wrapped XRP) and lent to earn interest.
Security & Custody
Can MoreMarkets move my XRP without my permission?
No. Your XRP can only be released when you take an authorized action such as requesting a withdrawal in the app and the protocol confirms the matching onchain conditions.
Do I give custody of my XRP to MoreMarkets?
No. Your XRP stays in a vault secured by NEAR Protocol’s decentralized MPC network.
What happens if MoreMarkets shuts down?
You can still withdraw through the protocol as long as the XRP Ledger and MPC nodes are running. These are core parts of independent, decentralized networks, so it’s very unlikely they would stop operating.
What is MPC?
Multi-Party Computation (MPC) splits control of the vault key among multiple parties, so no one can access funds alone. Not even MoreMarkets.
Who runs the MPC nodes?
A decentralized network of NEAR validators and trusted multi-party computation (MPC) node operators manage the MPC signing process, not MoreMarkets. MoreMarkets has no control over these nodes or the vault's keys.
Yield & Rewards
Is the APY fixed?
No, it varies based on DeFi market conditions.
What’s the current APY?
Check the app for the live rate. It changes with market demand.
Are rewards always in XRP?
Yes. Earnings are converted into XRP before payout.
Do I need to claim rewards?
No. Rewards are sent automatically.
How often is yield paid?
Weekly, directly to your XRP Ledger wallet.
Withdrawals
Can I withdraw anytime?
Right now, during the beta phase, withdrawals are enabled at the end of the two-week cycle. After beta, you’ll be able to request a withdrawal anytime, with only a short processing period to unwind positions and return your XRP.
How do I withdraw?
Use the app to request withdrawal. The rest is automated.
How long do withdrawals take?
Usually up to 2 days, depending on strategy unwinding.
Why can’t withdrawals be instant?
When you withdraw, the system has to close the active DeFi position: pull stablecoins from Aave, repay the loan on Term Finance, burn moreXRP on Ethereum, and unlock your XRP on the XRP Ledger. These steps happen across different blockchains, so even though the process is automated, it takes some time for all transactions to confirm.
Will I lose rewards if I withdraw early?
No. You keep any yield accrued up to the withdrawal.
Fees
Are there fees to use an XRP Earn Account?
Only standard blockchain transaction fees.
Are there management or performance fees?
No hidden fees. Any applicable costs are shown upfront.
Who pays the network fees?
They are deducted automatically during transactions.
Risks
Is RLUSD stable?
Yes. RLUSD is Ripple’s USD-pegged stablecoin, fully backed by reserves and built to institutional standards. It has never depegged since launch, and given Ripple’s track record and backing, a depeg is considered very unlikely.
Can my position be liquidated?
Yes, but only if XRP’s price drops by about 50% before the position can be adjusted. In over 10 years of XRP’s trading history, such a drop has never happened in a single day, making liquidation from normal market moves extremely unlikely.
How does MoreMarkets reduce liquidation risk?
By keeping the loan-to-value at 50%
What happens if Aave has a liquidity issue?
If Aave temporarily runs low on the stablecoin used in the strategy, withdrawals may need to wait until liquidity returns. While Aave has operated since 2017 without major liquidity failures, brief shortages have occurred during extreme market spikes, but they are rare and usually resolved quickly.
What is bridge risk?
Bridge risk is the chance that a cross-chain transfer system could be exploited, allowing attackers to steal funds. MoreMarkets reduces this risk by using NEAR’s MPC-based Chain Signatures, a decentralized system run by independent validators and audited by top security firms, eliminating single points of failure common in traditional bridges.
What is smart contract risk?
The possibility of a bug in the code. This is mitigated through multiple audits by top security firms including Halborn, Sherlock, and Sigma Prime.
Transparency
Are audits public?
Audit results are published in our GitBook documentation::
https://docs.moremarkets.xyz/developers/contracts
Are Term Finance and Aave positions visible?
Yes, through their respective explorers:
https://app.term.finance/vaults/0xb962fd1abd9a365140493bd499acf1ec0acff040/1
Can I see moreXRP on Ethereum?
Yes, via the token contract on Etherscan:
https://etherscan.io/token/0xb6900cf5572b73a4fef7c86e88d8d9a681cf2eab
Can I see my XRP onchain?
Yes, in the XRPL vault address:https://xrpscan.com/account/rPRcZswAjfHzUbCj44YzFhNdB1c8Yux5aT
Audits & Safety
Are audits repeated?
Yes, for major upgrades and new features.
Who has audited the protocol?
Halborn, Sherlock, and Sigma Prime.
Team & Regulation
Is MoreMarkets regulated?
It’s a decentralized, non-custodial protocol. It follows relevant regional restrictions.
Can anyone join globally?
Yes, except in restricted jurisdictions.
How is the project funded?
Through $13M in venture capital from investors like Electric Capital.
Where is the company based?
It has an international presence, including US, UK, Cayman Islands, and UAE.
Who is behind MoreMarkets?
MoreMarkets is built by a team of former engineers from NEAR Protocol and IBM, and ex-bankers and traders from Deutsche Bank, Standard Chartered, and Nomura, along with alumni from Coinbase and Fireblocks. A full team page with profiles will be published soon.
General Use
Do I need technical DeFi knowledge?
No. The app is designed for simplicity. Just deposit and earn.
Do I need to bridge manually?
No, bridging is handled automatically.
