Soil unveiled the RLUSD Yield Protocol, the first DeFi product on XRP Ledger, and filled its initial vaults to $1 million within 72 hours, according to co-founders Nicholas Motz, Jakub Bojan, and Michael Maciuk. The protocol introduces compliant yield generation for Ripple's RLUSD stablecoin.
Two Participation Paths: Stake XRP or Deposit Stablecoins
Investors can lock XRP in the protocol or deposit RLUSD/USD directly. Rewards are paid in either XRP or RLUSD, depending on user preference. Nicholas Motz, Soil's chief investment officer, said this flexibility allows participants to grow their XRP positions or stablecoin holdings. Jakub Bojan noted the first vaults reached capacity in under three days, prompting an immediate reopening for additional allocations.
Powered by XRPL Native Lending and RWA Compliance
The protocol leverages XRPL's new Native Lending feature to support real-world asset (RWA)-backed yields. Odelia Torteman, XRPL Director of Corporate Adoption, highlighted community contributions to testing and compliance, ensuring regulatory alignment ahead of institutional participation. Upcoming XRPL amendments are expected to lower barriers for institutional funds.
Soil reported that approximately 70% of product development is complete, with new vaults and stablecoin allocations reopening immediately. The roadmap includes more staking and reward combinations for both retail and institutional users. This launch signals XRPL's push to integrate institutional-grade DeFi within a compliant framework.