Kinetic’s $24 million XRP-linked lending market showed a 0.04% base rate before rewards

Key points

• Kinetic disclosed November 1 snapshots detailing its XRP-linked lending market, which reached 24 million dollars.
• The platform reported a base lending rate of 0.04 percent prior to rewards.
• The data distinguishes modest FXRP loan demand from its primary use as collateral alongside incentive-supported returns offered to users across the decentralized finance ecosystem.

Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.