XenDex News: The First Lending and Borrowing Protocol on the XRP Ledger

Business Upturn

22-04-2025

By GlobeNewswire Published on April 23, 2025, 00:59 IST
SYDNEY, Australia, April 22, 2025 (GLOBE NEWSWIRE) — XenDex is pioneering a transformative step forward for the XRP Ledger (XRPL) by launching the ecosystem's first non-custodial, trustless, and smart contract-based lending and borrowing platform. Designed to empower users with direct access to decentralized finance, XenDex enables individuals to lend their crypto assets and earn yield, or borrow against their holdings, all without intermediaries.
Through a secure, transparent protocol built natively on XRPL, XenDex introduces the infrastructure necessary for decentralized credit markets, leveraging audited smart contracts to manage lending pools, collateral, and interest payments on-chain.
Join XenDex Telegram And Follow On X For More Updates
How Lending Works on XenDex
Lenders can deposit supported assets (such as XRP, $XDX, or other XRPL tokens) into the platform's smart contract-powered lending pools. These deposits are made available to borrowers, and in return, lenders earn interest based on usage of the pool by the platform's borrowers.
Key steps n how to lend on XenDex: Connect Wallet via XRPL-compatible providers like Xaman.
via XRPL-compatible providers like Xaman. Choose an Asset to Lend — e.g., XRP or $XDX.
— e.g., XRP or $XDX. Deposit into the Lending Pool — funds are secured by smart contracts.
— funds are secured by smart contracts. Earn Passive Yield — interest is paid by borrowers and distributed to lenders proportionally.
— interest is paid by borrowers and distributed to lenders proportionally. Withdraw Anytime — as long as liquidity remains available, users can retrieve their principal and accrued interest.
Lenders can specify terms such as interest rate expectations and duration preferences through the XRP based platform's interface, although lending pools are dynamically managed based on real-time supply and demand.
How Borrowing Works on XenDex
Visit XenDex Website & Join Telegram Community
Borrowers can access liquidity by locking supported tokens as collateral, then borrowing other assets up to a specified Loan-to-Value (LTV) ratio.
Borrowing process on XenDex: Connect Wallet to access the borrowing dashboard.
to access the borrowing dashboard. Lock Collateral — deposit XRP, $XDX, or other supported assets.
— deposit XRP, $XDX, or other supported assets. Borrow Against Collateral — receive up to a percentage of your collateral (e.g., 70%).
— receive up to a percentage of your collateral (e.g., 70%). Repay with Interest — repay the loan at any time during the agreed period.
— repay the loan at any time during the agreed period. Unlock Collateral — once fully repaid, your collateral becomes accessible again.
Example: Deposit 1,000 $XDX (valued at $1,000) with a 70% LTV. You can borrow up to $700 worth of XRP or other available assets.
Liquidation Protection: If your collateral value drops below safety thresholds, smart contracts may trigger partial liquidation to protect the lending pool and maintain solvency.
Security and Non-Custodial Architecture of XenDex's Lending & Borrowing Protocol All assets are secured through audited smart contracts, no central authority or third-party custody.
Real-time price oracles and liquidation bots maintain platform safety and collateral health.
Full transparency with on-chain verifiability for all lending and borrowing transactions.
XenDex's lending and borrowing protocol is redefining how XRP holders interact with DeFi; enabling secure, decentralized capital efficiency with full user control.
For more information, please visit:
Website | Telegram | X (Formerly Twitter)
Contact:Frank Richards
[email protected]
Disclaimer : This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.
Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f8ddd56b-8a18-4cf4-a91e-ee0a0dfe2648
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.