Synthetic XRP (eXRP) is a synthetic asset designed to replicate the value of XRP, the digital asset associated with Ripple, on the Energi blockchain. It is part of the ecosystem of synthetic assets available on Energiswap, a decentralised exchange (DEX) that allows users to trade various synthetic and wrapped assets. eXRP provides an alternative way to gain exposure to XRP without holding the actual cryptocurrency, leveraging the Energi blockchain's infrastructure for improved transaction efficiency and lower costs.

Synthetic XRP (eXRP) is used primarily for trading and investment within the Energi ecosystem, particularly on the Energiswap platform. It allows users to speculate on the price movements of XRP, participate in DeFi activities such as lending and borrowing, and provide liquidity to trading pools. This synthetic asset enables diversification of portfolios and access to XRP-based financial activities without the need to directly manage XRP tokens.

Synthetic XRP (eXRP) was developed by the team behind Energiswap, which is part of the broader Energi blockchain ecosystem. Energi focuses on integrating various decentralised finance functionalities and providing a secure and scalable platform for trading synthetic assets. The creation of eXRP and other synthetic assets on Energiswap aims to enhance the liquidity and utility of digital assets within the Energi network.