[ Straid Protocol ]

Straid Protocol

↳ Programmable receivables. Trustless collateral.

We built the first native credit market infrastructure on XRPL, enabling LP token leverage through Smart Escrow and risk intelligence.

[Straid Protocol]

DEFI LENDING REIMAGINED.

Unlocking frozen LP tokens as tradable financial instruments - natively on XRPL.

[Straid Protocol]

[ Overview ]

Straid needed a robust infrastructure to activate frozen LP tokens across XRPL lending protocols. We developed a system that leverages XLS-85 Smart Escrow for trustless collateral management and integrates a 6-factor risk engine to dynamically calibrate loan limits.

[Client]Straid Protocol

[Industry]Decentralized Finance

[Status]Concluded

[Company size]Startup

[ Challenge ]

Straid’s Challenge

As lending protocols launch on the XRP Ledger, they mint billions in LP tokens that sit completely frozen. The ecosystem lacked a native credit market to utilize these yield-bearing assets. This created an immediate need for a secure, non-custodial solution allowing institutional capital to safely leverage positions without relying on risky cross-chain bridges or centralized custodians.

[ What we worked on ]

Requirements for the project and the technology partner

Development of native XRPL leverage architecture using XLS-85 Token Escrow.

System design ensuring zero custody risk and no intermediary control.

Building a 6-factor Risk Intelligence Engine for dynamic LTV calibration.

Integration with major XRPL wallets like Xaman and Crossmark for secure signing.

[ Approach ]

Approach

We focused on a trustless, event-driven collateral method:

lock LP tokens directly via native XLS-85 Smart Escrow
evaluate vault health dynamically across six risk dimensions
enable borrowing and automatic liquidations entirely on-chain without custodians

[ Technology choice ]

XRP Ledger

React

Node.js

[ Outcome ]

Outcome

A trustless, native credit layer that successfully activates dormant capital, enabling programmable receivables and laying the foundation for a fully on-chain repo market.

Our Case Studies