Crypto Eri, a notable personality in the XRP community, has revealed that substantial developments are underway to enhance the utility of XRP.
In a recent tweet, Crypto Eri provided insights into a groundbreaking feature set to be introduced in the form of “single-sided XRP staking” on the Futureverse. She noted, “More New XRP Utility Coming.”
Empowering XRP Holders with Enhanced Features
The upcoming XRP staking feature on The Root Network is poised to offer XRP holders additional avenues to actively participate in the crypto ecosystem, thereby elevating the overall utility of XRP.
Crypto Eri’s announcement, which expanded on remarks from Aaron McDonald, the founder of Futureverse (the team behind The Root Network), was made during a recent X space discussion.
In this dialogue, McDonald emphasized the evolution of XRP’s utility, underscoring the significance of the forthcoming staking feature. He acknowledged that XRP’s utility has traditionally been somewhat singular, primarily centered around payments.
While recognizing the strength of this existing use case, McDonald emphasized the necessity of broadening the scope of XRP’s capabilities. He expressed particular enthusiasm about ‘supercharging’ XRP’s utility for holders through The Root Network.
McDonald highlighted the potential for XRP users to explore a wider array of applications facilitated by smart contracts on The Root Network. Notably, one of the key contributors to this advancement is the upcoming Moai Finance DEX.
To elaborate, Moai Finance is set to launch on The Root Network. Crypto Eri underscored that Moai Finance serves as a universal gateway to multi-chain liquidity, revealing that the platform has paired XRP with USDC, Root, and other cryptocurrencies.
XRP Staking with a Single-Sided Approach
To celebrate the introduction of Moai Finance on The Root Network, the team is extending an invitation to XRP holders for a “Voyage to the Future.” Joining this journey enables XRP holders to contribute early liquidity to The Root Network by staking their tokens.
As a reward, participants will gain exclusive access to MOAI token pre-mining and receive ROOT token rewards. Following the Moai Finance roadmap, the MOAI token is set to be revealed early next year.