Plain-language definitions for everything you'll run into using Xora, the XRP Ledger, and the native TRX on Tron pilot. Custody models, destination tags, TRON mainnet addresses, treasury controls, APY mechanics, and the rest, written so a non-technical reader can understand them.
The native cryptocurrency of the XRP Ledger. Used to pay transaction fees on the network, hold value, and bridge between currencies. Issued at genesis (no mining), with a fixed total supply of 100 billion. Settles in 3-5 seconds with sub-cent fees.
Native TRX on the Tron mainnet. In Xora, TRX is a separate pilot asset with a TRON mainnet deposit address, no memo, and a 28% APY pilot when enabled in-app. Send native TRX only: TRC-20 tokens, USDT on Tron, NFTs, and other Tron assets are not credited in this release. Read the TRX deposit guide before sending funds.
The XRP Ledger is an open-source, permissionless blockchain launched in 2012. Native asset is XRP. Uses a consensus protocol instead of proof-of-work or proof-of-stake, which makes it carbon-neutral, fast (3-5 second settlement), and cheap (sub-cent fees per transaction).
A consumer-facing financial product built on the XRP Ledger that bundles deposit, yield, and planned spending features into one app. Xora is an example. Distinct from a traditional crypto exchange or a generic DeFi protocol: neobanks abstract custody and yield strategy behind a banking interface, with card access kept as a roadmap item until it appears in the app.
A 32-bit number that distinguishes recipients sharing a single XRPL address. Required by exchanges (Binance, Coinbase, Kraken, Uphold) and by pooled custody platforms like Xora to credit a deposit to the correct user. XRP sent without a destination tag to a shared address cannot be credited or automatically recovered. Always include the tag.
A wallet configuration requiring multiple signatures to authorize a transaction. For Xora, 3-of-5 XRPL multisig is on the custody roadmap and should not be treated as live until the signer list is published on-chain. Current public custody uses a segregated XRPL treasury with monitoring and circuit breakers.
A model where the service holds the private keys for user funds. Xora is custodial. Users sign in to an account rather than managing seed phrases. Trade-off: simpler UX and recoverable accounts, but users rely on Xora's custody operations rather than holding their own keys.
The opposite of custodial: users hold their own private keys. Xumm, GemWallet, and Crossmark are non-custodial XRPL wallets. Maximum sovereignty, but zero recovery if keys or seed phrases are lost.
Annual percentage yield: the rate of return on a deposit over one year, including compounding effects. Xora quotes up to 22% APY value on XRP Tier 1 deposits, split into native XRP yield and estimated XORA reward value. The native TRX on Tron pilot can display 28% APY when enabled in-app. APY value is variable and not guaranteed. See yield source breakdown for the mechanism.
A server that participates in the XRPL consensus protocol by voting on which transactions to include in each ledger. Xora operates its own validator node. Validators are not paid in XRP for participating. The role is reputational and infrastructural, signaling commitment to the network.
Total value locked: the sum of all supported assets currently held or owed in a protocol. For Xora, TVL includes user ledger balances across supported assets such as XRP and native TRX pilot balances.
The custody address set that holds user deposits. For Xora, XRP uses a segregated XRPL treasury address with per-user destination tags. Native TRX pilot deposits use TRON mainnet addresses with no memo. XRP treasury balance is public and queryable on XRPL explorers such as xrpscan.com, bithomp.com, and livenet.xrpl.org.
A planned dedicated capital buffer to be funded from future protocol revenue once capitalized. It is not funded or live today. Even once capitalized, it would be a finite buffer rather than FDIC-style insurance or a government guarantee.
A period during which deposited funds cannot be withdrawn. Xora has no fixed lock-up. XRP withdrawals settle on the XRPL and enabled native TRX withdrawals use TRON mainnet settlement after account, treasury, reconciliation, and risk controls pass. Many CeFi yield products imposed lock-ups; Xora deliberately does not.
Reinvesting earned yield so that future yield is calculated on the new larger principal. Xora compounds daily. Each day's credit becomes part of the next day's earning base. XRP and native TRX pilot rates are shown separately in the app. Try the calculator for XRP projections.
An APY that varies by deposit size. Xora's XRP yield uses balance tiers; when the native TRX on Tron pilot is enabled in-app, it can display a separate 28% APY rate. The estimated XORA reward value is tracked separately from the token quantity emitted.
A service for converting fiat currency (USD, EUR) into cryptocurrency. Xora's signed fiat/card rails are gated until enabled in the app. Today, send native XRP from a centralized exchange such as Binance, Coinbase, Uphold, or Bitstamp with the destination tag.
The reverse of on-ramp: converting cryptocurrency back to fiat. Xora withdrawals go to supported XRPL or TRON mainnet addresses; conversion back to fiat is handled by the receiving exchange or, once live, by the planned Xora Card. Card network, fees, and limits remain roadmap items until card access appears in the app.