Kinetic's FXRP market showed $24 million supplied but only $2 million borrowed on November 1.
The base annualized supply rate for FXRP lenders was approximately 0.04% before rewards.
FXRP utilization on the platform was 6.7%, significantly lower than the 92.8% utilization for USDT0.
Much of the displayed APY for FXRP is driven by reward components rather than borrower-paid interest.
Read the full story on NexVani Media