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Cardano founder Charles Hoskinson discussed his plans for the Midnight partnership with the XRP ecosystem. Hoskinson stated that he wants Cardano’s privacy-focused sidechain, Midnight, to serve as the DeFi layer for the XRP ecosystem.

Cardano’s chief claims that Ripple and XRP holders can access higher DeFi yields without removing their tokens from the XRP Ledger. Hoskinson highlighted that XRP can maintain its integrity while accessing cutting-edge DeFi services.

 XRP users can utilize features like lending, staking, and liquidity pools. It can’t support these options because XRP’s native chain lacks smart contract capabilities.

The core of this strategy is Midnight, a Cardano sidechain created to safeguard user privacy. Interestingly, Midnight enables users to conduct private smart scams.

Hoskinson’s strategy is a part of a larger effort to foster collaboration rather than rivalry among blockchain communities.

He wants Cardano and XRP to function in tandem, with Midnight as a secure layer that broadens XRP’s application. Hoskinson, who hinted at a “full DeFi package,” confirmed that the integration doesn’t end with Midnight.

There are also plans to incorporate RLUSD, a stablecoin backed by USD, into the Cardano network. If this works, RLUSD will provide DeFi platforms that use Midnight with a reliable liquidity option.

Hoskinson has also discussed creating a seamless link between Midnight and the XRP Ledger with some of Ripple’s top executives, such as CEO Brad Garlinghouse and CTO David Schwartz. The goal of these discussions is to integrate XRP with Cardano’s smart contract capabilities