XRP Stay-To-Earn Program Goes Live With 50K Token Pool

In Brief

• First Ledger launched a 50K XRP “Stay-To-Earn” program.
• Rewards target liquidity in the XRP–RLUSD AMM pool.
• Participants earn incentives but face impermanent loss risk.

A new XRP ‘Stay-To-Earn’ program has launched, offering 50K XRP in rewards during its first 30-day epoch. The initiative, rolled out by First Ledger, is designed to boost liquidity in the XRP Ledger’s automated market maker (AMM), specifically the XRP–RLUSD pool.

According to the video shared by cryptocurrency market commentator Zach Rector on March 3, the program rewards users who provide liquidity to the pool. In addition to standard trading fees earned through the AMM, participants will receive boosted XRP incentives distributed at the end of each 30-day epoch.

How The Program Works

To participate, users must add liquidity to the XRP–RLUSD pool through the First Ledger platform. Deposits can be single-sided or double-sided, though equal deposits of both XRP and RLUSD are recommended.

Single-sided deposits automatically convert half the balance into the paired asset to balance the pool. Double-sided deposits avoid that swap. At the end of the epoch, users can claim their share of the 50,000 XRP reward pool, proportional to their liquidity contribution.

Zero fees are being advertised for deposits, withdrawals, and RLUSD trading during the program.

Liquidity With Trade-Offs

Though the incentives are attractive, liquidity provision carries risk. Providing assets to an AMM exposes users to impermanent loss, which means returns can underperform simple holding if XRP experiences a sharp price rally.

If XRP surges significantly, liquidity providers may end up holding more RLUSD and less XRP due to rebalancing within the pool. Conversely, if XRP falls, providers accumulate more XRP over time. This dynamic makes AMM participation different from simply holding the asset.

For now, XRP is changing hands at the price of $1.35, up 0.6% on the day, gaining 1% across the past week, reducing the accumulated loss over the month to 17.8%, per the most recent chart information.

*XRP price 7-day chart. Source:* *CoinGecko*

Why It Matters

The XRP Ledger has historically seen lower decentralized finance (DeFi) activity compared to other chains. Incentivizing liquidity is a direct attempt to stimulate deeper on-chain markets and increase participation in the native AMM.

The first epoch begins on March 2 and runs for 30 days. The possibility of the reward structure attracting meaningful capital remains to be seen, but it marks another push to expand utility and liquidity directly on the XRP Ledger.