The specific pool is rhWTXC2m2gGGA9WozUaoMm6kLAVPb1tcS3; its $RLUSD issuer is rMxCKbEDwqr76QuheSUMdEGf4B9xJ8m5De, matching Ripple’s official address.
XRPL.to reported about 1.14 million $XRP-equivalent of seven-day trading volume and 3,502 $XRP-equivalent in estimated fees. Its API guide describes the annualized rate as recent trading fees relative to liquidity, scaled to a year. The quoted income varies with trading and does not lock in a year’s earnings.
Those figures are estimates, not a reconstruction of fees actually earned throughout the week. The displayed fee figure exactly matches seven-day volume multiplied by the current 0.308% trading fee, yet the response records a fee update on November 5, inside that week. Without the earlier rates and transaction-level fees, it does not establish realized income. XRPL also allows eligible auction-slot traders to pay discounted fees.
Two $XRP benchmarks give different answers
Under the XRPL’s constant-product mechanics, trading changes the $XRP and $RLUSD quantities represented by liquidity-provider tokens. Fees accumulate inside the pool and become part of the assets those LP tokens can redeem.
Two comparisons are therefore needed. Holding everything in $XRP preserves full $XRP price exposure. Leaving an initial 50/50 $XRP–$RLUSD allocation untouched starts with the same asset mix as the pool but avoids its automatic rebalancing.
Consider equal $10,000 starting investments. In a hypothetical model with $RLUSD fixed at $1, no fees or costs, and the pool adjusting to $XRP’s new relative price, a 20% $XRP rise leaves the pool worth about $10,954. Untouched 50/50 holdings reach $11,000; an all-$XRP holding reaches $12,000.
Most of the gap to all-$XRP comes from choosing stablecoin exposure in the first place. The smaller gap to untouched 50/50 holdings isolates the rebalancing shortfall commonly called impermanent loss.
The downside comparison changes the conclusion. With $XRP down 20%, the modeled pool is worth about $8,944, versus $9,000 for untouched 50/50 holdings and $8,000 for all-$XRP. The pool still loses money, but retains more value than the fully exposed $XRP position.
Larger moves widen the rebalancing gap. Doubling $XRP leaves the modeled pool at $14,142 against $15,000 for untouched 50/50 and $20,000 for all-$XRP. Halving $XRP leaves $7,071, $7,500 and $5,000, respectively. These are scenarios, not forecasts or measured returns.
One week’s quoted 0.09% is about $9 on $10,000 at unchanged prices. If that percentage is instead applied as a hypothetical uplift to the pool’s value after a price move, it offsets the modeled shortfall against untouched 50/50 holdings only to roughly an 8.1% $XRP fall or an 8.9% rise.
That calculation holds the fee uplift constant while changing $XRP’s price. Actual fees depend on trading and the path taken. The range is neither a capital-loss buffer nor a break-even comparison with all-$XRP.
$RLUSD adds separate risks. Ripple’s terms permit blacklisting and freezing under legal or compliance conditions; assuming a $1 price does not remove issuer or redemption risk.
The pool commits native $XRP as trading inventory. A provider’s actual return depends on how much $XRP and $RLUSD each LP token can redeem, and their combined value over a matched holding period. Comparing that return after costs with both holding benchmarks over the same period can show whether the fees compensated for the exposure surrendered.
