Anodos to Introduce Institutional DeFi to the XRP Ledger

The post Anodos to Introduce Institutional DeFi to the XRP Ledger appeared on BitcoinEthereumNews.com. Anodos, an XRPL-based Web3 protocol, is looking to introduce institutional DeFi to the growing XRP Ledger ecosystem.  Introduced in 2012, the XRP Ledger has not advanced in infrastructure as much as its major competitors, such as Ethereum and Stellar, despite these chains launching years later. For instance, the Stellar network welcomed smart contracts capabilities in February. Meanwhile, the XRPL is yet to implement Hooks on the mainnet. Anodos’ Paridim to Introduce Institutional DeFi on the XRPL Additionally, institutional DeFi on the XRPL remains an untapped territory. Anodos, a Web3 utility resource built atop the XRP Ledger, is looking to explore this domain in the absence of pivotal developments from leading development teams like Ripple.  In a note procured by The Crypto Basic, Anodos details its intention to introduce institutional DeFi to the XRPL ecosystem through the launch of Paridim, its liquidity and digital asset management platform tailored specifically for institutional clients.  Details on the forthcoming project remain scant as of press time, but information suggests the platform would grant institutions the opportunity to leverage the attractive features of the XRPL’s growing DeFi ecosystem, including the recently introduced AMM functionality. Notably, the XRPL now boasts 504 active pools, with 4.5 million XRP locked. A Focus on Regulatory Compliance  This figure could record a significant boost with the introduction of institutional market participants. According to Anodos, Paridim looks to foster a regulatory compliant environment for institutional adoption, addressing the growing concerns surrounding legislation on global DeFi activities, especially in the United States. While the broader DeFi ecosystem has steered clear of regulatory drama due to its decentralization nature, the U.S. Securities and Exchange Commission (SEC) recently issued a Wells Notice to the largest decentralized exchange (DEX) Uniswap, declaring intention to pursue legal actions against the firm for allegedly trading unregistered securities. –…

May 28, 2024 - 12:00
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Anodos to Introduce Institutional DeFi to the XRP Ledger

The post Anodos to Introduce Institutional DeFi to the XRP Ledger appeared on BitcoinEthereumNews.com.

Anodos, an XRPL-based Web3 protocol, is looking to introduce institutional DeFi to the growing XRP Ledger ecosystem.  Introduced in 2012, the XRP Ledger has not advanced in infrastructure as much as its major competitors, such as Ethereum and Stellar, despite these chains launching years later. For instance, the Stellar network welcomed smart contracts capabilities in February. Meanwhile, the XRPL is yet to implement Hooks on the mainnet. Anodos’ Paridim to Introduce Institutional DeFi on the XRPL Additionally, institutional DeFi on the XRPL remains an untapped territory. Anodos, a Web3 utility resource built atop the XRP Ledger, is looking to explore this domain in the absence of pivotal developments from leading development teams like Ripple.  In a note procured by The Crypto Basic, Anodos details its intention to introduce institutional DeFi to the XRPL ecosystem through the launch of Paridim, its liquidity and digital asset management platform tailored specifically for institutional clients.  Details on the forthcoming project remain scant as of press time, but information suggests the platform would grant institutions the opportunity to leverage the attractive features of the XRPL’s growing DeFi ecosystem, including the recently introduced AMM functionality. Notably, the XRPL now boasts 504 active pools, with 4.5 million XRP locked. A Focus on Regulatory Compliance  This figure could record a significant boost with the introduction of institutional market participants. According to Anodos, Paridim looks to foster a regulatory compliant environment for institutional adoption, addressing the growing concerns surrounding legislation on global DeFi activities, especially in the United States. While the broader DeFi ecosystem has steered clear of regulatory drama due to its decentralization nature, the U.S. Securities and Exchange Commission (SEC) recently issued a Wells Notice to the largest decentralized exchange (DEX) Uniswap, declaring intention to pursue legal actions against the firm for allegedly trading unregistered securities. –…

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