A new proposed XRPL sidechain would create American-style options and 200x leverage directly in the XRP Ledger system.
It will be designed with a trustless cross-chain bridge, as well as support for webAuthn passkeys that are signed by the current XRPL validator network.
A new proposal for an XRP Ledger (XRPL) options sidechain has emerged, introducing a system that enables the network to offer more advanced trading and derivatives functionalities. The idea, discussed by XRPL Labs software engineer Denis Angell in a GitHub document, is to introduce ‘American-style’ options, a 200x leverage limit, and a trustless cross-chain bridge into the XRPL ecosystem. Analyst WrathofKahneman termed the initiative a significant move for traders seeking an on-chain substitute to centralized exchanges.
Crypto options activity remains concentrated on centralized exchanges such as Deribit, while on-chain options remain limited in accessibility and performance. The proposal states that a purpose-
