Jun 24
Important Ripple (XRP) Deadline Concerning Many Users
➤ Strobe Finance, a decentralized lending protocol on the XRP Ledger's EVM Sidechain, is shutting down due to funding gaps and unsustainable running costs. ➤ Users have until July 13 to repay loans and July 20 to withdraw deposits before the platform permanently closes, leaving the XRPL EVM Sidechain without a lending market. ➤ The closure raises questions about the XRPL's ability to support retail-focused DeFi projects, as Ripple shifts its focus towards institutional and developer-oriented initiatives like an AI starter kit.
