LendProtocol has launched a CeFi (centralized finance) lending platform on the XRP Ledger for XRP and RLUSD holders seeking yield in an ecosystem where native staking is unavailable. The company says deposits in XRP and RLUSD earn a fixed 12% APR with daily payouts, no lock-up period and depositor capital protection backed by the platform, while borrowers pay a fixed 12.7% APR and must post at least 120% collateral. The product is positioned as a staking alternative because the XRP Ledger uses Federated Byzantine Agreement (fBFT), a consensus model without proof-of-stake rewards. LendProtocol says it has facilitated more than 743 million XRP in loans across 13,713+ active lenders. It also distinguishes itself from Ripple's XLS-66, saying it is a separate commercial CeFi product built on XRPL rather than a native lending protocol implementation.