Quote from zerpie on July 28, 2025, 6:15 am

Krippenreiter discusses the emergence of new yield opportunities for XRP, specifically highlighting a DeFi protocol called MoreMarkets that promises around 20% APY.

Upon closer inspection, the actual yield offered is significantly lower at 3.5% APY due to misinterpretation of promotional material.

Krippenreiter emphasizes caution in engaging with new DeFi protocols, recommending starting with small amounts and regularly testing withdrawal functionality to ensure the platform’s reliability and security, especially given the lack of insurance for deposited funds and the absence of multi-signature protection for the XRPL vault account.

He critiques the current state of MoreMarkets, noting issues such as the platform’s allowance of U.S.-based users despite potential regulatory restrictions, and the overall low yield compared to the high risks involved, suggesting that the protocol’s early stage and unresolved security concerns could pose significant risks to investors.

DYOR

https://twitter.com/krippenreiter/status/1949095165861216698?ref_src=twsrc%5Etfw

Krippenreiter discusses the emergence of new yield opportunities for XRP, specifically highlighting a DeFi protocol called MoreMarkets that promises around 20% APY.

Upon closer inspection, the actual yield offered is significantly lower at 3.5% APY due to misinterpretation of promotional material.

Krippenreiter emphasizes caution in engaging with new DeFi protocols, recommending starting with small amounts and regularly testing withdrawal functionality to ensure the platform’s reliability and security, especially given the lack of insurance for deposited funds and the absence of multi-signature protection for the XRPL vault account.

He critiques the current state of MoreMarkets, noting issues such as the platform’s allowance of U.S.-based users despite potential regulatory restrictions, and the overall low yield compared to the high risks involved, suggesting that the protocol’s early stage and unresolved security concerns could pose significant risks to investors.

DYOR

[1/🧵] You've probably heard about new yield opportunities with XRP that promise a return of around 20% APY. 🧐

How much truth is there to this, and what happens if you actually connect to @moremarketsxyz and deposit funds? 👇 pic.twitter.com/3LpFjZlZzS

— Krippenreiter (@krippenreiter) July 26, 2025