Proposal: Expand LOAN Rewards to XLTC and XXRP Markets

Summary

Currently, LOAN rewards are issued for the following markets:
✅ XBTC (Bitcoin)
✅ XETH (Ethereum)
✅ XPR (XPR Network)
✅ XMT (Metal DAO)
✅ XUSDC (USD Coin)
✅ XDOGE (Dogecoin)

However, XXRP (Ripple/XRP) and XLTC (Litecoin) do not currently receive LOAN incentives. This proposal seeks to expand LOAN rewards to these markets to enhance liquidity and increase user engagement on Metal X Lending.

Rationale

Litecoin and XRP are widely used and recognized assets with strong communities and liquidity potential. Adding LOAN incentives to these markets will:

✅ Encourage more deposits and borrowing in these asset pools
✅ Expand liquidity, making these markets more attractive for users
✅ Align with Metal X Lending’s goal of supporting multi-chain DeFi lending
✅ Create additional yield opportunities for users of XXRP and XLTC

By incentivizing these markets, we aim to balance lending activity across more assets, ensuring that Metal X remains a leader in multi-chain lending.

Proposed Reward Allocation

To align with existing incentive structures, we propose the following LOAN rewards per half-second for XXRP and XLTC markets:

• XXRP (Ripple/XRP) – Supplier: 1.2675 LOAN / Borrower: 1.9013 LOAN

• XLTC (Litecoin) – Supplier: 1.2675 LOAN / Borrower: 1.9013 LOAN

This structure mirrors the current rewards applied to XBTC, XETH, XUSDC, and XDOGE, ensuring fair allocation across all markets. If the standard base reward allocation rate changes as a result of another proposal then the XXRP and XLTC rewards rate will follow.

Voting & Implementation

• The LOAN Protocol community will vote on this proposal via gov.xprnetwork.org.

• If approved, rewards will be added to the XXRP and XLTC lending pools in the next reward cycle.

• The Metal X team will monitor performance and adjust incentives as necessary to maintain balanced liquidity.

Conclusion

Expanding LOAN incentives to XXRP and XLTC will enhance liquidity, drive user engagement, and reinforce Metal X Lending as the premier multi-chain lending platform. We encourage all community members to vote and help shape the future of Metal X Lending.

📅 Vote now!