Doppler’s XRP Vault Tops 90 Million XRP in Total Value Locked

Doppler Finance’s XRP Vault surpassed 90 million XRP in total value locked on Oct. 11, highlighting interest in yield products denominated in the cryptocurrency.

At crawl time, Doppler’s dashboard displayed 90.34 million XRP and $126.4 million in TVL. The dashboard did not specify the measurement time for those figures.

The dashboard listed estimated annual percentage returns of 3% to 4.5%. Doppler’s weekly APR estimates vary with market conditions, and returns are paid in the deposited asset.

The milestone does not indicate that native XRP Ledger staking has launched. XRP has no native staking system, and the vault is a CeDeFi product that uses institutional custody providers and market-neutral strategies, including asset-neutral arbitrage and spot-perpetual basis trading.

More than 14,000 depositors have placed more than $150 million into XRP and RLUSD vaults since the platform launched in February 2025. The vaults were created because XRP holders lacked a native staking mechanism.

Withdrawals are subject to a seven-day period and are batch processed at about 9 p.m. ET (01:00 UTC). On-chain yield strategies were still under development, and the services are unavailable to users in the United States and certain other jurisdictions.

A previous transparency update listed 82,663,435.12 XRP, valued at about $112.12 million, in the XRP vault as of Sept. 12. Another 1,000,467.33 XRP was awaiting withdrawal. The earlier figures are detailed in TokenPost’s coverage of Doppler’s transparency update.

Evernorth and Doppler entered a strategic relationship in January 2026 to explore institutional liquidity and treasury use cases on the XRP Ledger.