Metal X, the all-in-one decentralized financial hub powered by the XPR Network, has officially added XRP to its lending and borrowing markets. This means that XRP lenders and borrowers are now eligible to earn $LOAN governance token rewards in addition to their standard lending APY.

Unlike traditional centralized platforms, Metal X is built as a true DeFi system: there are no middlemen. Lending pools and loan terms are managed entirely by on-chain smart contracts and secured by the community of verified contributors, ensuring a transparent, compliant, and non-custodial experience.

How to Get Started with Metal X’s Crypto Lending and Borrowing powered by LOAN Protocol.

Step 1: Create Your WebAuth Wallet

To get started, download the WebAuth Wallet from WebAuth.com or via your app store (iOS & Google Play). This wallet is your secure gateway to the XPR Network.

Step 2: Deposit XRP on XPR Network

After you've set up your wallet, deposit your XRP using the bridge feature on Metal X or in the WebAuth Wallet. For added security, test a smaller amount first to verify your address.

Tip: Transferring assets on the XPR Network is like sending an email - quick, easy, and no gas fees involved.

Step 3: Connect Your Wallet to Metal X

Navigate to the lending feature on Metal X. Click "Connect Wallet" in the top right-hand corner and authorize the connection using your WebAuth authentication device (FaceID, Touch ID, Yubikey).

4. Lend XRP and Earn Rewards

Find the XRP Markets and click on Lend. Choose how much XRP you want to lend, confirm the transaction, and your deposit will immediately start earning.

• Variable APY from lending markets

• $LOAN token rewards, distributed based on market demand

Note: Your deposited assets will start earning a variable APY instantly. You can withdraw them anytime. When you withdraw your assets you will receive the interest earned as well.

5. Borrow XRP Using Collateral

If you’re looking to borrow XRP find the XRP market and click Borrow, then add the collateral you’d like to use. Monitor your loan health carefully - keeping it above 10% helps you avoid the risk of liquidation. Click "Borrow XXRP" and sign the transaction with your WebAuth Wallet to complete the borrowing process.

• Borrowers also earn $LOAN rewards, aligning incentives across both sides of the market.

Loan Health: Make sure your loan health doesn't dip below 10% to avoid liquidation.

Key Features of Metal X Lending

• Governance via $LOAN: Holders of LOAN tokens can vote on protocol changes and guide the evolution of the lending markets.

• Dynamic Rewards: Lenders and borrowers in participating markets earn LOAN based on demand.

• Perpetual Loans: Loans remain open as long as your collateral keeps loan health above 0%.

• Broad Asset Support: Markets include XBTC, XETH, XPR, XMT, XUSDC, XDOGE, XUSDT, and now XXRP.

• Zero Fees: All transactions on XPR Network are gas-free.

• Compliance Ready: Identity verification is required, preserving both transparency and regulatory trust.

Why XRP Matters in DeFi

Adding XRP to Metal X’s lending protocol creates new utility for one of the most widely used digital assets. Holders can now:

• Lend XRP and earn interest + LOAN rewards

• Borrow against XRP collateral

• Participate in on-chain governance via $LOAN

This integration extends the reach of XRP in decentralized finance, while strengthening the Metal X ecosystem as a safe, compliant, and fully on-chain financial hub.

Rewards and Compliance

You will also earn loan rewards which can be staked within the platform. To maintain the integrity of Metal X and reduce the risk of fraud, identity verification is required for all users.

Supported Cryptocurrencies: XBTC, XETH, XPR, XMT, XUSDC, XDOGE, XHBAR, XLTC, XUSDT, and XXRP are all supported for both borrowing and collateral.

Identity Verification: To maintain the platform's integrity and comply with legal standards, identity verification is mandatory.

Loan Terms: Loans on Metal X are perpetual, provided your loan health remains above 0%.

LOAN Protocol Documentation: LOAN Protocol Docs