Kinetic FXRP market sees minimal base rate despite large supply

Community Trust Score Verified 91 % Real Verified 11 votes Updated 39 seconds ago Kinetic’s FXRP lending market on the Flare network showed a base annualized rate of approximately 0.04% for lenders on November 1, despite roughly $24 million in supplied assets. This low base rate contrasts with the total supply APY of 0.59% on the protocol’s official market page, a gap driven by reward distributions rather than borrower interest. Market data from November 1 indicates that while FXRP supply was substantial, borrowing demand remained low. This highlights the difference between income from credit and yield from protocol incentives.

Source: The Currency Analytics