XRP cannot be staked. The XRP Ledger uses a consensus protocol with no validators to delegate to and no native staking rewards, so nothing on this page is staking in the proof-of-stake sense. What people call XRP staking is lending, a vault deposit, a liquidity position or a fixed-rate instrument, and this ranking tracks what each of those actually paid across 14 products on Base and Flare as of September 4, 2026.
Last updated September 4, 2026
Report
As of September 4, 2026, the highest variable XRP rate among the 14 products this ranking tracks, excluding fixed-rate Principal Tokens, was 2.71% on FXRP at Superform, with fixed-rate Principal Tokens reaching 2.26%, against a median single-exposure rate of 0.94%. None of those is staking: the ranking covers 14 XRP-denominated DeFi products across Base and Flare, ranked by 30-day average rate.
The XRP Ledger’s native AMM already pays trading fees on-ledger, and on-ledger lending is starting to arrive. The deeper and more varied rates live on smart-contract chains, where XRP is held as a wrapped token such as FXRP or cbXRP, or a staked form like stXRP, and supplied to a lending market, a vault, a fixed-rate Principal Token, or a liquidity pool.
This report covers what an XRP balance can earn. For how XRP is distributed in the first place, which accounts hold the most and what balance any given percentile takes, see the XRP rich list, read from the same ledger.
Tool
The XRP staking calculator on this page works out what any XRP amount would earn across the 13 rated products tracked here as of September 4, 2026, without a wallet address or a connection.
Enter an XRP amount, pick a product, then calculate.
No wallet connection and no address. The calculation runs in your browser against the rates on this page. Educational only, not advice, an offer or a forecast.
Results appear here once you calculate.
Explainer
No, you cannot stake XRP. XRP is not a proof-of-stake asset, and the XRP Ledger has no validator staking and no native staking rewards, so XRP has no staking rewards to earn at the protocol level.
The reason is the consensus mechanism. The XRP Ledger settles through a consensus protocol in which validators agree on the order of transactions by reference to overlapping trusted lists, rather than by putting capital at risk. No stake is bonded, so nothing can be slashed, and there is no block reward to share out. A proof-of-stake chain pays validators from newly issued supply; the XRP Ledger issues none, and its supply only falls as transaction fees are destroyed.
Whether the XRP Ledger will add staking is not something this page can answer from data. Adding it would require a change to the consensus mechanism through the ledger’s amendment process, and no such amendment was open as of September 4, 2026. Anyone claiming a launch date for native XRP staking is describing a plan rather than a protocol.
So an advertised “XRP staking” rate is really describing something else. Every rate on this page comes from putting XRP to work in a market.
The label usually covers one of three mechanisms: lending XRP and earning the interest borrowers pay; supplying it to a liquidity pool and earning swap fees; or holding a liquid staking token such as stXRP, where a protocol stakes the wrapped XRP behind the scenes.
The XRP Ledger’s native AMM also pays trading fees on-ledger. No product in Harvest’s XRP Yield Ranking pays a native XRP staking rate, because the XRP Ledger does not offer one. Each mechanism carries its own risk, which is why every product here is labelled by what it actually does.
Live rates
Across the 14 XRP products in this ranking on Base and Flare, 30-day rates reached up to 212.62%, with a median of 0.94% as of September 4, 2026. Products are ranked by rate and split by exposure: single-exposure positions sit on one side of the market; dual-exposure positions pair an XRP token with a second asset. The Type column names each product.
As of September 4, 2026 this ranking held 11 one-sided positions with no second asset: lending markets, curated vaults, liquid staking, fixed-rate Principal Tokens and stXRP pools. Sorted by rate.
As of September 4, 2026 this ranking held 3 two-asset liquidity pools that pair an XRP token with something else and earn swap fees plus rewards. Their headline rates are the highest on the page, yet the top ones sit on very thin liquidity, a few hundred thousand dollars, where the rate is mostly reward emissions and shifts week to week. Impermanent loss applies. Sorted by rate.
Products are sorted by the 30-day average rate rather than the spot number, so a single big day of rewards cannot flatter a venue to the top. The tables are split by exposure, and a Type column names each product so like compares with like.
When comparing XRP venues, weigh the 30-day rate over the spot number: a wrapped-XRP pool riding a short reward spike can top the spot ranking yet fade within weeks, while a deep single-sided lending or vault rate tends to hold.
Rates and TVL measured onchain (Base and Flare) and via the Spectra API, as of September 4, 2026, refreshed hourly. Each row links to the platform’s own site. The largest headline rates come from small two-asset pools whose reward-driven APY swings week to week, so read them as opportunistic outliers rather than durable yield. A few venues also pay a Flare reward incentive (rFLR or sFLR) allocated offchain that is not readable onchain, so their ranking rate reflects onchain yield only.
Summary
Of the 14 XRP products in this ranking, the highest variable rate, excluding fixed-rate Principal Tokens, was 2.71% on FXRP at Superform as of September 4, 2026. Two-asset liquidity pools posted larger headline numbers, up to 212.62% on cbXRP / WETH at Aerodrome as of September 4, 2026, a reward-driven rate on only $456k of liquidity that shifts week to week. Fixed-rate Principal Tokens sat near 2.26% as of September 4, 2026, locked to maturity. The median single-exposure XRP rate across the 11 one-sided products in this ranking was 0.94% as of September 4, 2026.
Upshift held the largest XRP position of any platform in Harvest’s XRP Yield Ranking as of September 4, 2026, with $45.1M deposited across 2 products at an average rate of 1.38%.
Aerodrome paid the highest average rate of any platform in this ranking as of September 4, 2026, at 212.62% across 2 products on $456k of liquidity.
Guide
None of the four mechanisms below is staking, and all four are what the word is used to mean when someone asks how to stake XRP. Each one is a market position with its own risk, not a protocol reward.
In short, XRP yield comes from four sources: lending wrapped XRP to money markets, vaults and liquid staking, providing liquidity in pools, and fixed-rate Principal Tokens. Every rate on this page traces back to one of them. Knowing which source is behind a number makes it much easier to tell a steady, organic rate from one that is mostly short-term rewards.
XRP lending yield is the interest borrowers pay when wrapped XRP is supplied to a money market. This ranking tracks XRP lending markets on Kinetic (Flare) and Moonwell (Base).
A lending position is single-sided, so there is no second asset to track, and on Flare the base rate is often topped up with rFLR reward tokens. This is the closest thing XRP has to a plain savings rate.
XRP vault yield is the return a curator’s strategy generates on wrapped XRP, compounded into a single share token. Curated vaults in this ranking run on Spectra, Upshift, Mystic Finance and Superform, alongside Firelight’s stXRP liquid staking token.
An XRP vault compounds its strategy returns into a single curator-managed token, and its published rate blends strategy yield with any reward incentives layered on top.
XRP liquidity pool yield is a share of swap fees earned by pairing an XRP token with a second asset, usually with reward token emissions layered on top. This ranking tracks XRP pools on SparkDEX and Aerodrome as of September 4, 2026.
Dual-exposure XRP pools carry the highest headline rates on this page and one specific trade-off: if the two paired tokens drift apart in price, the position can suffer impermanent loss, so these pools reward active management.
A Principal Token, or PT, is a fixed-rate instrument that trades at a discount to its face value and redeems one-for-one for its underlying asset at a set maturity date. Spectra was the only platform in this ranking offering XRP Principal Tokens as of September 4, 2026.
A Principal Token’s fixed rate is the gap between its discounted purchase price and its full redemption value, locked in at purchase, so unlike every other rate on this page it does not drift day to day.
Fixed-rate Principal Tokens do not carry impermanent loss, because the position is single-sided. The trade-off is that a PT runs to maturity, and an early exit takes whatever the market will pay. Spectra publishes each PT’s max fixed rate, which is the figure this report tracks.
Yield Tokens, or YTs, are the other half of a Spectra market and are worth naming even though a YT is not a yield source in itself. A YT is a derivative of XRP-denominated yield: it strips out and trades the variable yield a wrapped-XRP position earns up to maturity, which lets a holder amplify exposure to that onchain yield and to any associated points program without posting the full principal.
Spectra carried all the XRP fixed-yield trading volume in this ranking as of September 4, 2026, and most YT activity sits on the stXRP pools, where traders buy YT to bet on a potential Firelight airdrop by accumulating its Firelight points.
Every venue on this page is an external protocol tracked for research. None are Harvest products. This page is informational only, and past rates are no promise of what a venue pays next.
Explainer
stXRP is the closest thing to liquid staking that exists for XRP. It is not proof-of-stake staking, because there is no validator set, but the mechanic is the same: a liquid token representing a yield-bearing position, usable elsewhere in DeFi while it earns.
stXRP is Firelight’s token on Flare, minted 1:1 from FXRP, which is itself XRP bridged onto Flare through the FAssets system while the real XRP stays on the XRP Ledger. Its yield is designed to come from DeFi insurance cover fees paid by other protocols rather than from token inflation, which is the substantive difference from a proof-of-stake reward: there is no new supply being issued to pay it.
The best single-asset rate among the stXRP-denominated products in this ranking was 2.67% on Spectra as of September 4, 2026. That is a rate on a product denominated in stXRP rather than a rate paid by the token itself, and the ranking below lists each one separately.
Two consequences follow from the wrapper chain. A holder of stXRP is exposed to Firelight, to the FAssets bridge and to whichever venue the token is supplied to, which is three layers rather than one. And because stXRP trades on Flare, its value against XRP depends on that market rather than on a redemption guarantee from the XRP Ledger.
Tokens
Beyond the XRP Ledger’s own native AMM, every rate on this page starts with XRP moved onto a smart-contract chain in a wrapped form.
The wrapper matters as much as the venue: some are trustless and collateral-backed, others rest on a single custodian. The first three below, FXRP, stXRP and cbXRP, back every product in this report; wXRP is included as the main form on Solana, a market that sits outside this report’s Flare-and-Base scope for now.
FXRP is a 1:1 over-collateralized ERC-20 representation of XRP on Flare, minted through the FAssets system by independent agents who post roughly 1.3x collateral while the underlying XRP remains on the XRP Ledger. FXRP backing is verified onchain rather than held by a single custodian. FXRP went live on Flare mainnet on 24 September 2025 and is the base asset behind nearly all Flare XRP yield.
0xad552a648c74d49e10027ab8a618a3ad4901c5bestXRP is Firelight's liquid staking token on Flare, minted 1:1 from FXRP. stXRP yield is designed to come from DeFi insurance cover fees paid by other protocols rather than from token inflation. Firelight was incubated by Sentora, and stXRP is used across SparkDEX and Spectra.
0x4c18ff3c89632c3dd62e796c0afa5c07c4c1b2b3cbXRP is Coinbase Wrapped XRP, an ERC-20 on Base backed 1:1 by XRP held in Coinbase custody with published proof of reserves. cbXRP launched in June 2025 and is the XRP form used across Base venues including Aerodrome and Moonwell. cbXRP backing is custodial, so it rests on Coinbase rather than on an onchain collateral system.
0xcb585250f852c6c6bf90434ab21a00f02833a4afwXRP is wrapped XRP on Solana, issued and custodied by Hex Trust and bridged through LayerZero, backed 1:1 by native XRP in segregated custody. wXRP is the XRP form behind Solana pools on Raydium, Jupiter and elsewhere. wXRP sits outside this report's Flare and Base scope.
6UpQcMAb5xMzxc7ZfPaVMgx3KqsvKZdT5U718BzD5We2Compare
XRP can also earn through centralized “Earn” programs on exchanges and lenders. Centralized XRP earn programs compete with DeFi XRP yield for the same depositors and make a different custody trade-off.
Coinbase, Kraken, Uphold and Nexo are the centralized venues usually meant when people search for XRP staking on an exchange. None of them stakes XRP either, because there is nothing to stake; each pays a rate it sets itself on XRP it holds on the customer’s behalf. This ranking does not cover them and does not quote their rates, because every figure here is read from a contract onchain and an exchange rate is a company publishing a number about itself.
Centralized programs are simple: XRP is held on the platform, which pays a rate, sometimes higher than DeFi thanks to promotional or token incentives. The trade-off is custody.
The XRP sits with the provider, which introduces solvency and counterparty risk, and the rate can change or be pulled at will.
This report focuses on DeFi instead, because the positions are onchain and verifiable: the contract, the collateral and the real rate are all visible, and self-custody is usually retained.
Centralized XRP earn programs carry custody and counterparty risk, because the XRP is held by the provider. DeFi XRP yield carries smart-contract and bridge risk instead, because the position is held onchain. Neither centralized nor DeFi XRP yield is strictly safer than the other; they fail in different ways.
Yield trading
There are two ways to trade the XRP yield itself, both on Spectra’s dated staked-XRP markets: lock a fixed rate by holding a Principal Token, or take the variable-yield side. Below is the fixed rate each market has offered, then how actively the markets have traded this year.
The locked-in max fixed rate on each liquid staked-XRP maturity, overlaid on one axis since June 2026, straight from Spectra. A PT secures its rate to maturity, so each line is that market’s running record of the fixed rate on offer.
Every line on the chart above plots one maturity’s daily max fixed rate from Spectra, from June 2026, capped and trimmed near maturity where the annualized rate degenerates. The figure beside each maturity is its latest reading, so it can differ slightly from the ranking table above, which sorts on the 30-day average. Only markets that carried real volume are overlaid; the thinnest maturities are left out. The two live Spectra PTs together held $2.4M in liquidity as of September 4, 2026. The maturity table below covers every market over its full life.
The flip side is how actively these markets trade. Every fixed-rate (PT) trade has a variable-yield (YT) counterpart, so the buy and sell flow is a direct read on demand for the stXRP yield. As of September 4, 2026 the figures below cover every stXRP market on Spectra, including the 2 that have since matured.
| Maturity | Volume | Traders | Status |
|---|---|---|---|
| Mar 2026 | $19.3M | 274 | Matured |
| Jun 2026 | $9.6M | 283 | Matured |
| Nov 2026 | $3.5M | 262 | Live |
| Mar 2027 | $162k | 125 | Live |
| Sep 2027 | $31k | 87 | Live |
| Dec 2026 | $12k | 29 | Live |
| Dec 2027 | $3k | 25 | Live |
XRP fixed-yield trading on Spectra processed $32.6M in Principal-Token volume across 7 stXRP markets between December 5, 2025 and September 4, 2026, of which 5 remained live.
697 unique traders participated in Spectra’s stXRP fixed-yield markets between December 5, 2025 and September 4, 2026, placing 4,024 trades.
Markets that have since matured carried 89% of all stXRP fixed-yield volume in this report between December 5, 2025 and September 4, 2026, and the single busiest was the Mar 2026 maturity at $19.3M.
Among live Spectra stXRP markets, the Nov 2026 maturity carried the most volume as of September 4, 2026, at $3.5M.
Buy and sell volume across all Spectra stXRP markets ran nearly even at $16.4M against $16.2M between December 5, 2025 and September 4, 2026, indicating balanced demand between locking a fixed rate and taking the variable side.
Trading activity across every Spectra stXRP fixed-yield market on Flare. Buying the Principal Token locks a fixed yield; selling it exits. Volumes and per-trade classification are Spectra's own, USD-priced. The YT (variable-yield) leg is the mirror side and is not swapped in the pool. Source: Spectra API. Every stXRP market is included, so quiet stretches on the daily chart are real lulls between maturities (demand thinning as one maturity winds down before the next ramps), not missing pools. As of September 4, 2026. Trade and trader counts are a floor on the busiest matured markets, where the venue caps the returned history.
The big picture
The 14 XRP yield products Harvest tracks on Base and Flare held $89.5M in total value locked as of September 4, 2026. Weighted by capital deposited, those same 14 products averaged 2.18% as of September 4, 2026, which is the rate the tracked capital actually earns once position size is taken into account.
None of the 14 products in this ranking are operated by Harvest, as of September 4, 2026. Every rate is read from a third-party protocol’s own contracts.
XRP-denominated DeFi deposits across the products in this ranking with a continuous onchain record stood at $58.6M on September 4, 2026. Across that same continuous-record set, $58.6M is the highest daily total in the measured window, which opens at $5.9M in January 2026. That continuous-record set covers 65% of the $89.5M tracked in total as of September 4, 2026; the remainder sits in products tracked at their current value only.
| Network | TVL | Share |
|---|---|---|
| Flare | $87.2M | 97% |
| Base | $2.3M | 3% |
| Type | TVL | Share |
|---|---|---|
| Vaults | $52.5M | 59% |
| Lending market | $28.4M | 32% |
| Liquidity pool | $8.6M | 10% |
Flare carried 97% of the XRP DeFi TVL in this ranking as of September 4, 2026, against 3% on Base, reflecting where wrapped XRP liquidity is deepest. By depth, the largest XRP positions in this ranking as of September 4, 2026 were Upshift at $45.1M, Kinetic at $26.5M, Spectra at $6.0M and SparkDEX at $5.7M.
Daily-indexed XRP-denominated DeFi TVL across venues with a continuous daily series, plus Upshift's Flare vault TVL (protocol-level, its entire Flare presence is XRP). Venues newly switched to onchain sourcing rebuild their daily series forward from the switch, so they join this line as history accumulates; their current TVL is always in the day's total. Sources: onchain reads (Base and Flare), Spectra and Portals. TVL split by network and type is computed from the 14 tracked products as of September 4, 2026.
Charts
Over the 30 days to September 4, 2026, headline rates across the 4 larger charted venues sat between 0.00% and 0.94%, topped by FXRP at 0.94%. Over the same 30 days to September 4, 2026, FXRP moved most, up about 0.7 points. Each line below is how one venue’s rate moved over the thirty days to September 4, 2026, read from that venue’s own contracts once a day. Useful for telling a steady rate apart from one riding a short-lived incentive spike.
Daily APY read onchain from each venue’s own contracts, last 30 days, as of September 4, 2026.
Adoption
FXRP on Upshift was the most widely held product in Harvest’s XRP Yield Ranking as of September 4, 2026, with 9,117 holder wallets across the 14 products in this ranking. The second most widely held product in this ranking as of September 4, 2026 was FXRP on Kinetic, with 1,691 holder wallets.
Roughly 13,914 wallets held XRP yield onchain as of September 4, 2026, across the 14 products in this ranking that expose a public holder-bearing token.
Rate and TVL show how much is deposited; holder counts show how many wallets actually hold each product, a read on real adoption and on whether a product is spread across many depositors or concentrated in a few. The table below ranks by onchain holders, with the largest wallet’s share where the token’s supply exposes it.
FXRP on Upshift was the most widely held product in this ranking as of September 4, 2026, with 9,117 wallets and no single wallet above 3% of supply, a broad, retail-style base.
Counts fall off steeply from there: the smallest liquidity pools sit with only a handful of wallets, where one provider can hold nearly the entire position. Across the ranking, 13,914 holder positions were tracked as of September 4, 2026.
Holder counts and top-wallet shares from each token’s chain explorer (Flare and Base Blockscout), as of September 4, 2026. One wallet can hold several products, and a product can be held through an aggregator or staking contract, which reads as a single large holder.
Risk
Every rate on this page carries risk. These are the main ones that sit behind the numbers.
This page is informational only. It does not constitute financial advice. Past rates are no promise of future ones, and no DeFi yield is risk-free.
Reference
A rate is only as good as what pays it. We looked into each venue in the ranking: what it actually is, where the yield comes from, who curates or manages it, and what points, incentives and backing sit behind it. Grouped by network, starting with Flare, where most XRP yield now lives.
Flare is where most XRP yield now lives. Its FAssets system turns XRP into FXRP without a single custodian, and a full DeFi stack has grown on top: lending markets, DEXes, liquid staking, and curated vaults. Almost everything here also stacks rFLR, Flare's reward token, on top of its base rate, so read the headline number as base yield plus time-limited emissions.
Kinetic is a Compound and Aave style money market on Flare, built by Rome Blockchain Labs, the team behind BENQI and Moonwell. XRP holders supply FXRP to earn interest or borrow stablecoins against it without selling, and it is one of the largest single homes for FXRP in Flare DeFi.
The base rate is what borrowers pay. On top of it, suppliers collect rFLR from Flare's FAssets Incentive Program plus FXRP supply incentives, so the headline blends real borrow demand with emissions that taper over time.
Spectra, formerly APWine, is a fixed-rate and yield-tokenization protocol. It splits a yield-bearing token into a Principal Token and a Yield Token with a set maturity, so one side can lock a fixed rate to expiry while the other takes leveraged, variable exposure to the floating yield.
Flare XRP Yield Prime is a MetaVault on Spectra curated by Gami Labs. It takes FXRP or stXRP and keeps the liquidity positioned across Spectra's staked-XRP fixed-term pools, auto-rolling into the next pool at maturity and compounding as it goes. The underlying yield is Firelight staking rewards on stXRP plus swap fees and rFLR.
SparkDEX is the leading DEX on Flare, spanning concentrated-liquidity pools (v3.1 and a v4 built on Algebra) and a perps venue. The stXRP / FXRP pool pairs Firelight's staked XRP with wrapped XRP, so both legs track XRP and the pair stays tight.
As of September 4, 2026, LPs earned swap fees plus rFLR from Flare's emissions program, which vests over roughly 12 months. Because both sides are XRP-denominated, impermanent loss is limited compared with a pool against an unrelated asset. On the v4 app the two tokens are entered by hand into the add-liquidity form.
Mystic Finance is the front end for Morpho-powered lending on Flare. Supplying FXRP into its Clearstar-curated vault mints csXRP, a share token that represents the deposited FXRP plus the interest it earns as the curator allocates it across Morpho markets.
The yield is borrow interest from those markets, net of a fee documented at 5 to 20 percent of interest as of September 4, 2026, split between Mystic and the curator. Because a curator actively moves the money, depositors rely on that allocation as well as the underlying contracts.
Upshift, a spinout of the onchain prime brokerage August, runs curated, professionally managed vaults. On Flare it powers two FXRP vaults: earnXRP, curated by Clearstar, and MXRPY, managed by Monarq Asset Management.
Instead of one fixed source, curators spread FXRP across active strategies: carry trades, staking, cover underwriting through Firelight and concentrated liquidity for earnXRP; options, funding-rate arbitrage and onchain XRPFi for MXRPY. You hold a vault receipt token redeemable back to FXRP, with a multi-day withdrawal window or instant redemption for a fee.
Superform is a cross-chain yield marketplace. Its Flare vault, bizFXRP, is an institutional-grade strategy curated by Byzantine Labs that routes FXRP into Flare's XRP lending markets, tracked as an ERC-1155 SuperPosition.
The base yield is lending interest, actively reallocated by the curator. As of September 4, 2026, Superform's Points program awarded roughly one point per $100 held per hour, with multipliers and NFT boosts.
On Base, XRP arrives as cbXRP, Coinbase's 1:1 custodied wrapper. The yield comes from the same two places as everywhere else: swap fees on a DEX, or lending interest on a money market.
Aerodrome is a ve(3,3) decentralized exchange on Base, built by the Velodrome team. Its Slipstream pools are Uniswap v3 style concentrated liquidity, and XRP comes in as Coinbase Wrapped XRP.
The cbXRP / cbBTC and cbXRP / WETH pools pay swap fees plus AERO emissions that veAERO voters steer to each pool every week. Rates move with vote weight and campaigns, and concentrated liquidity carries impermanent loss if the two sides drift apart.
Moonwell was the first lending app on Base to list cbXRP. Supply cbXRP to earn borrow interest, with WELL incentives layered on top in some markets. It is a straightforward, single-sided way to earn on XRP with no second asset to manage.
FAQ
No. XRP is not a proof-of-stake asset and has no native staking or validator rewards. The rates people call XRP staking actually come from lending XRP, providing liquidity, or holding a liquid staking token such as stXRP that stakes wrapped XRP on the holder's behalf.
Not in the proof-of-stake sense, no. There is no way to bond XRP to a validator and earn a protocol reward, because the XRP Ledger has no validator set to delegate to and issues no new supply to pay one. What you can do is move XRP onto a smart-contract chain as a wrapped token and lend it, deposit it in a vault, hold a fixed-rate Principal Token or supply it to a liquidity pool. Each of those pays a market rate and carries its own risk.
No. The XRP Ledger settles through a consensus protocol in which validators agree on transaction order by reference to overlapping trusted lists, rather than by putting capital at risk. Nothing is bonded, so nothing can be slashed, and there is no block reward to distribute. Adding native staking would require an amendment to the ledger's consensus mechanism.
No. XRP has no native staking or validator rewards, so there is no protocol staking rate. What is marketed as XRP staking rewards is really lending interest, liquidity-pool fees, or the yield on a liquid staking token such as stXRP that stakes wrapped XRP behind the scenes. Each is a market rate with its own risk, not an inflation reward.
Whether XRP will start staking cannot be answered from onchain data, only from the amendment process. Native staking would be a change to the XRP Ledger's consensus mechanism, which requires an amendment to be proposed and to hold validator support before it activates. Anyone quoting a launch date for XRP staking is describing a plan rather than a protocol change that has happened.
Nowhere, if staking means a protocol reward. If it means earning a rate on XRP, the ranking on this page lists the DeFi products that pay one, on Flare and Base, with what each paid over the trailing 30-day window. Centralized exchanges such as Coinbase, Kraken, Uphold and Nexo also run XRP Earn programs; those are custodial products this ranking does not cover, because it reads rates from contracts onchain rather than from a company's own published figure.
By putting it into one of four mechanisms, none of which is staking. Move XRP onto a smart-contract chain as a wrapped token such as FXRP or cbXRP, then supply it to a lending market for borrower interest, deposit it in a curated vault, buy a fixed-rate Principal Token to lock a rate to a maturity date, or add it to a liquidity pool for swap fees. The wrapper and the venue both change the risk, which is why every product on this page is labelled by what it actually does.
XRP liquid staking is the closest available analogue rather than the thing itself. stXRP is Firelight's token on Flare, minted 1:1 from FXRP, and it behaves like a liquid staking token: a transferable token representing a yield-bearing position that can be used elsewhere in DeFi while it earns. It is not proof-of-stake staking, because there is no validator set, and its yield is designed to come from DeFi insurance cover fees rather than from newly issued supply.
No, and neither can Coinbase. Coinbase and other exchanges run XRP Earn programs that pay a rate on XRP they hold for the customer, which is a custodial lending arrangement rather than staking, because there is no XRP Ledger staking to pass through. The rate is set by the platform and can be changed or withdrawn, and the XRP sits with the provider. This ranking covers onchain products instead.
No, and the two are often confused. Ripple is a company; XRP is the asset that runs on the XRP Ledger, which is open and not owned by Ripple. Ripple does not operate a staking programme for XRP, and there is no protocol staking to operate: the ledger has no validator set to delegate to. Anything advertised as Ripple staking is either a third-party yield product or a scam using the company's name.
You move XRP onto a smart-contract chain as a wrapped token such as FXRP or cbXRP, then put it to work: supply it to a lending market for borrower interest, deposit it in a curated vault, hold a fixed-rate Principal Token, or add it to a liquidity pool for swap fees. As of September 4, 2026 this report tracked 14 such XRP products across 2 networks (Base and Flare), holding about $89.5M in total, ranked by their real 30-day rate.
The best XRP yield depends on risk appetite. Spectra's staked-XRP markets and MetaVault averaged 2.03% across the capital tracked there as of September 4, 2026, and the Clearstar Labs earnXRP vault on Upshift was the single largest XRP position in this ranking at $36.5M as of September 4, 2026. As a benchmark, the capital-weighted average across the 13 rated products in this ranking was 2.18% as of September 4, 2026. Two-asset pools post higher headline rates, at the cost of impermanent loss and a reliance on incentives; the ranking sorts every product by its real 30-day average to keep the comparison fair.
FXRP, cbXRP and stXRP are wrapped forms of XRP. FXRP is XRP bridged trustlessly onto Flare through the FAssets system; cbXRP is Coinbase-custodied wrapped XRP on Base; stXRP is Firelight's liquid staking token for FXRP. The choice of wrapper changes the trust model and the risk.
FXRP and cbXRP are both wrapped XRP, but their trust models differ. FXRP is minted trustlessly on Flare through the FAssets system, over-collateralized by independent agents while the real XRP stays on the XRP Ledger. cbXRP is Coinbase-custodied wrapped XRP on Base, backed 1:1 by XRP that Coinbase holds, with published proof of reserves. FXRP leans on onchain collateral; cbXRP leans on a single custodian.
No DeFi yield is risk-free. On top of ordinary market risk, XRP yield adds bridge or custody risk on the wrapper, smart-contract and oracle risk on each venue, impermanent loss in pools, and reliance on incentive tokens that can fade. This page is informational research only.
Impermanent loss in an XRP liquidity pool is the gap between simply holding the two tokens and supplying them to a pool. In an XRP pool that pairs a wrapped XRP token such as cbXRP or FXRP with a second asset, if the two prices drift apart the pool rebalances against your position, so it can end up worth less than holding, even after the swap fees and rewards it earned. It is the main reason the dual-exposure XRP pools in the ranking above carry more risk than their headline rate suggests.
Neither centralized nor DeFi XRP yield is strictly better than the other. Centralized Earn programs are simpler and sometimes pay more, but custody is given up and counterparty risk is taken on. DeFi keeps positions onchain and verifiable with self-custody, but adds smart-contract and bridge risk. This report tracks the DeFi side.
As of September 4, 2026, the highest variable single-exposure XRP rate among the 13 rated products in this ranking, excluding fixed-rate Principal Tokens, was 2.71% on FXRP at Superform. Fixed-rate Principal Tokens on Spectra offered 2.26% as of September 4, 2026, locked to a set maturity rather than floating. Two-asset liquidity pools posted far larger headline numbers, up to 212.62% as of September 4, 2026, but those rates are reward emissions on very thin liquidity; the top-rate pool held only $456k as of September 4, 2026, and they carry impermanent loss and fade quickly, which makes them opportunistic rather than a comparable yield. Across the 13 rated XRP products in this ranking, the capital-weighted average rate was 2.18% as of September 4, 2026. The 30-day figure is a better guide than the spot number.
There is no XRP staking rate, because the XRP Ledger pays none: it has no validator set to delegate to and issues no new supply. The rates that do exist are lending, vault, liquidity-pool and fixed-rate returns on wrapped XRP. As of September 4, 2026, single-exposure rates across this ranking reached up to 2.71%, with a median of 0.94%, and the capital-weighted average across the 13 rated products was 2.18%. Rates are ranked here by their trailing 30-day average rather than by a spot reading, because 3 of the 14 products depended on reward emissions for most of their rate as of September 4, 2026.
The answer depends on the product, which is what the calculator on this page works out: enter an amount, pick a product, and it applies that product's own published rate. As a worked example, 10,000 XRP in FXRP at Superform would earn about 271 XRP over a year at the 2.71% rate recorded as of September 4, 2026, and at the median single-exposure rate of 0.94% it would earn about 94 XRP. Neither figure is a staking reward, and both annualise one reading of a rate that moves.
Data
Every product on this page is published as clean, downloadable data for research and AI agents, licensed CC-BY-4.0. Each JSON carries the current rate and TVL plus its full daily rate and TVL history; each CSV is that daily series. The landscape’s total TVL over time is published too.
The full catalogue lives in index.json, and history.csvholds every product’s daily rate in one file. The same files are declared in this page’s Dataset metadata and in llms.txt.
Reference
Contract addresses for every asset and product in this report: the wrapped-XRP tokens, the vault / lending / LP receipt tokens the holder counts are read from, and each Spectra stXRP market split into its LP pool, Principal and Yield tokens, matured markets included. All are third-party contracts; verify each before you use it.
| Asset / Product | Type | Network | Address |
|---|---|---|---|
| FXRP | Wrapped token | Flare | 0xad552a648c74d49e10027ab8a618a3ad4901c5be |
| stXRP | Wrapped token | Flare | 0x4c18ff3c89632c3dd62e796c0afa5c07c4c1b2b3 |
| cbXRP | Wrapped token | Base | 0xcb585250f852c6c6bf90434ab21a00f02833a4af |
| wXRP | Wrapped token | Solana | 6UpQcMAb5xMzxc7ZfPaVMgx3KqsvKZdT5U718BzD5We2 |
| cbXRP / WETH · Permissionless pool | Pool | Base | 0x84080a26f978d7c402c2786ad8bf1fe6712d209b |
| FXRP · bizFXRP · Bizantine Labs | Vault | Flare | 0x34f90dfa0f1b2f691ee3a3a87954f8d282193c16 |
| FXRP · MetaVault · Gami Labs | Vault | Flare | 0x6420a613e936602ca3f1ad5680b3f4d47d473bf1 |
| FXRP · earnXRP · Clearstar | Vault | Flare | 0xe533e447fd7720b2f8654da2b1953efa06b60bfa |
| FXRP · Vault · Clearstar | Vault | Flare | 0x53184adabf312b490bf1ebcfdc896feff6019a14 |
| FXRP · Lending market | Lending | Flare | 0xd1b7a5efa9bd88f291f7a4563a8f6185c0249cb3 |
| FXRP · MXRPY · Monarq | Vault | Flare | 0x36f236af59cb279bab884e464ef1bc23c7b1a115 |
| stXRP / FXRP · Permissionless pool | Pool | Flare | 0x46a8e5d76a34b75a199acbf318e0e5ccc65fc6eb |
| cbXRP · Lending market | Lending | Base | 0xb4fb8fed5b3aaa8434f0b19b1b623d977e07e86d |
| cbXRP / cbBTC · Permissionless pool | Pool | Base | 0x5591c94d9826fb84a136e31ad249362a3bd709ce |
| stXRP · Sep 2026 | LP pool token | Flare | 0xbfcf2c23f9dc4f32d8870ea57a1426af1e2b6273 |
| stXRP · Sep 2026 | Principal Token | Flare | 0xbfceb9d1a44cf7e4ba9e694b5e23c77732dd54aa |
| stXRP · Sep 2026 | Yield Token | Flare | 0xdc38991301baa6785b15c973b381d2fe9bb26798 |
| stXRP · Nov 2026 | LP pool token | Flare | 0x966d1f376457a3aca5fbc2a6be985f6e5e7708eb |
| stXRP · Nov 2026 | Principal Token | Flare | 0xa7cb1fa9aab0157f0380b29e48dfe2b305171181 |
| stXRP · Nov 2026 | Yield Token | Flare | 0x0bb1344e88effeb34e4b15013f99e3bd1542ab41 |
| stXRP · Dec 2026 | LP pool token | Flare | 0x1f24ec2acfda3ecdaaf84dda2d707bb23a8d4ac4 |
| stXRP · Dec 2026 | Principal Token | Flare | 0x60b2fdbe6c56c9cacb4c4093c95d26a20a05449b |
| stXRP · Dec 2026 | Yield Token | Flare | 0x526964f19b4b8b5c669ca5985d53d7f6bc1a0580 |
| stXRP · Mar 2027 | LP pool token | Flare | 0xe7c867e5d2c751967da19f6b4779daa895c0ba06 |
| stXRP · Mar 2027 | Principal Token | Flare | 0xead511d637634c2dab091235dcde507f7fd0bda9 |
| stXRP · Mar 2027 | Yield Token | Flare | 0xbf5559c41651e331db245886af0ac8c1324826d6 |
| stXRP · Jun 2027 | LP pool token | Flare | 0x571a2cc38b2b7378f62196686cb858e6a0e338cf |
| stXRP · Jun 2027 | Principal Token | Flare | 0xb15a1ac3c49e8ee47642ea1d4949464f79adfac2 |
| stXRP · Jun 2027 | Yield Token | Flare | 0x6b6cc4b8818b678640faf81123c0357cbc65c376 |
| stXRP · Sep 2027 | LP pool token | Flare | 0x912c6c89a0a55113751cfc6cc45e3dce22e9b46f |
| stXRP · Sep 2027 | Principal Token | Flare | 0xa3f3629551c4a7003fb0efb0afeb97e81e6998d0 |
| stXRP · Sep 2027 | Yield Token | Flare | 0x71b1338cc7ea3a49315444ff42c5ddd558c7da43 |
| stXRP · Dec 2027 | LP pool token | Flare | 0xc8f03eba4aa897b33be0812a871ae96b7f508bb5 |
| stXRP · Dec 2027 | Principal Token | Flare | 0x64e9329df667c938ddbbde3a0a0507dc99634aa2 |
| stXRP · Dec 2027 | Yield Token | Flare | 0xb95e9a3b62e213ebb30f87a2e3ecb2472902cd5f |
| stXRP · Mar 2026Matured | LP pool token | Flare | 0xa65a736bcf1f4af7a8f353027218f2d54b3048eb |
| stXRP · Mar 2026Matured | Yield Token | Flare | 0x46f0c7b81128e031604ecb3e8a7e28dd3f8a50c9 |
| stXRP · Jun 2026Matured | LP pool token | Flare | 0x80743e896df841900803a46f6d8451e0f9ef6f4a |
| stXRP · Jun 2026Matured | Yield Token | Flare | 0xf8b0bafbb2e3c023c606b04296b2df73f4a0d918 |
Wrapped-token rows are the canonical ERC-20 (or SPL) contracts; vault and market rows are the receipt / share tokens the holder ranking is read from; Spectra rows are each stXRP market’s LP pool, Principal and Yield token contracts on Flare, matured markets included. Underlying rates and TVL are measured onchain (Base and Flare), with the Spectra API for Spectra’s own markets.
Method