Altcoins News

Story: Cardano Founder Plans to Bring Higher DeFi Yields to XRP Ecosystem via Midnight

By MikeT

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Midnight: A Privacy-First Sidechain with DeFi Potential. To understand how this collaboration might unfold, it’s important to look at Midnight itself.

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Hoskinson’s Proposal: A DeFi Home for XRP. According to Hoskinson, XRP holders could bridge their tokens to Midnight and deposit them into…

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Airdrops and Cross-Ecosystem Integration. Dubbed the “Glacier Drop,” this airdrop is designed to distribute two new tokens, NIGHT and DUST,…

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Beyond Midnight: Hoskinson’s Full Vision for XRP. While the integration of XRP into Midnight is a major highlight, Hoskinson has hinted at other…

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How XRP Would Benefit from Midnight’s DeFi Capabilities. The core value proposition of bringing XRP to Midnight lies in enabling yield opportunities that…

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Competitor Moves: Uphold and Flare. Interestingly, this isn’t the first attempt to bring yield-generating functionality to XRP.

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Can This Move Help Reposition XRP?. XRP has long been a controversial yet resilient asset in the crypto space.

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Looking Ahead. As we move into the second half of 2025, all eyes are on the Midnight mainnet.

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XRP holders could soon access significantly better DeFi yields, thanks to an initiative proposed by Cardano founder Charles Hoskinson.

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During a recent livestream, Hoskinson shared that Midnight could serve as the DeFi layer for XRP, allowing holders to earn passive rewards.

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While many see Cardano and XRP as two separate ecosystems, Hoskinson’s push to bring them closer via Midnight marks a significant shift in cross-chain collaboration.

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Midnight was first introduced by Hoskinson back in 2022 as a sidechain that prioritizes data protection and privacy.

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By 2024, Midnight had entered the testnet phase under Cardano’s R&D team, Input Output Global (IOG).

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Crucially, Midnight allows assets from other blockchains to be bridged and used in its ecosystem. This is where XRP enters the picture.

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“The goal is to let XRP holders access real DeFi rewards, not just speculative price action,” said Hoskinson during his broadcast.

The Currency Analytics

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