According to CryptoPotato, an Ethereum Virtual Machine (EVM) side chain of the XRP Ledger (XRPL) will reward chain validators with XRP tokens, bringing Ripple into the decentralized finance (DeFi) staking wars. Ferran Prat Tió, CEO of Peersyst Technology, the company developing the XRPL Ethereum side chain, confirmed in a recent interview with Crypto Eri that validators will be rewarded in XRP tokens.
The EVM side chain, which connects to XRPL via a bridge, is a separate network from XRPL and RippleNet. It allows users to operate Ethereum while using XRP as its native token. As a result, it collects gas fees to use Ethereum in XRP and rewards validators with Ripple tokens. Tió emphasized that this will create a demand for XRP and generate an entire economy that is growing in the XRP ledger itself.
