XRP Ledger Developer Spotlights Biggest RLUSD Liquidity Pool Incentive

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The attractiveness of Ripple USD ( RLUSD ), XRP and the entire XRP Ledger has been spotlighted by developer Panos Mekras. Taking to his X account, Mekras commended a new incentive program spearheaded by First Ledger to reward RLUSD holders. Advertisement XRP Ledger liquidity growing In less than 24 hours, First Digital had recorded up to $500,000 in XRP liquidity as holders chose to leverage the 12.8% APR offer on the XRP/RLUSD liquidity pool. The concept of liquidity pools is as old as the first AMM, Uniswap. Users lock up their funds for a period and earn rewards as the funds power various DeFi activities. According to Mekras, he and his team had a similar idea in 2025 as a way to bootstrap the XRP/RLUSD liquidity pool. However, he noted that the Ripple team felt negatively toward the prospect and largely disregarded its proposal. This is a great incentive program by @First_Ledger . Almost $500K of liquidity added in a few days. By the way, we had the same idea last year and proposed this to Ripple (along with some other great ideas) to bootstrap the XRP/RLUSD liquidity on the DEX and increase volumes and… https://t.co/oaU6h9780M?from=article-links — Panos 🔼🇬🇷 (@panosmek) March 3, 2026 As he pointed out, the proposal now appears to be working for First Digital. Since this claim has started generating interest in the community, Mekras clarified in an early post that Ripple has a department for XRP Ledger . He believes that with one billion XRP earmarked for the community and its builders, there will be a significant change in the ecosystem. XRP Ledger and DeFi counterparts Despite the $500,000 raked in as liquidity into First Digital, the entire XRP Ledger is still lagging behind significantly as concerns DeFi adoption. You Might Also Like Tue, 03/03/2026 - 13:58 Altcoins Bleed: 38% Hit Multi-Year Lows in Cycle's Worst Dip Post-FTX Crash By Tomiwabold Olajide By a large margin, Ethereum dominates the scene with a Total Value Locked pegged at more than $52.8 billion. This figure compares to XRP Ledger, with less than $47 million. XRPL is also underperforming in terms of other important metrics like fee generation and active addresses. The recommendation from Panos Mekras for Ripple to support the ecosystem with developer grants is perhaps one of the first steps in positioning for a better market share. #XRP Ledger #RLUSD