In a recent tweet, Crypto Eri shared exciting news about the upcoming introduction of “single-sided XRP staking” on the Futureverse, hinting at “More New XRP Utility Coming.”
Anticipated on The Root Network, this XRP staking feature is expected to offer holders more ways to engage within the crypto ecosystem, significantly enhancing XRP’s overall utility.
Crypto Eri’s revelation stemmed from Aaron McDonald, the founder of Futureverse, discussing this development during an X space conversation. McDonald emphasized the evolution of XRP’s utility, emphasizing the significance of the forthcoming staking feature. He highlighted that historically, XRP’s utility had been relatively one-dimensional, primarily focused on payments.
While acknowledging the strength of this existing utility, McDonald stressed the importance of broadening XRP’s capabilities. He expressed enthusiasm for boosting XRP’s utility for holders through The Root Network, enabling a broader range of applications via smart contracts.
Notably, the imminent launch of Moai Finance on The Root Network is a significant part of this development. Moai Finance, serving as a universal gateway to multi-chain liquidity, pairs XRP with USDC, Root, and other cryptocurrencies.
Celebrating Moai Finance’s debut on The Root Network, the team has invited XRP holders to join a “Voyage to the Future.” Participants can contribute early liquidity to The Root Network by staking their XRP tokens, earning exclusive access to pre-mining MOAI tokens and ROOT token rewards. The MOAI token is scheduled for an early unveiling next year, as outlined in the Moai Finance roadmap.
