Charles Hoskinson Drops Bombshell: Surprise Midnight Airdrop for XRP Holders!

Updated

June 26, 2025

Gambar Charles Hoskinson Drops Bombshell: Surprise Midnight Airdrop for XRP Holders!

Jakarta, Pintu News – Charles Hoskinson, founder of Cardano , recently announced ambitious plans to integrate Midnight as the DeFi layer of Ripple.

The initiative is expected to open up new opportunities for Ripple holders to increase their DeFi yield without the need to move their tokens off the Ripple Ledger.

This collaboration marks an important step in the effort to strengthen synergies between blockchain communities.

Midnight as DeFi Layer for Ripple (XRP)

According to Hoskinson, Midnight’s integration with the Ripple ecosystem will allow XRP holders as well as Ripple’s own company to access better DeFi yields.

With no need to move their tokens, this offers an efficient and secure solution for users. The plan also reflects Hoskinson’s vision to favor inter-blockchain cooperation over competition, with the ultimate goal being to expand Ripple (XRP) use cases through the security layer provided by Midnight.

Midnight not only serves as a DeFi layer, but also as a platform that supports privacy, cross-chain capabilities, and selective disclosure.

With these features, Midnight has the potential to become a leading DeFi center, particularly for Ripple holders. This shows Cardano’s commitment to not only developing their own technology but also to strengthening the crypto ecosystem as a whole.

Midnight Airdrop Campaign

To encourage early adoption, Cardano has launched two airdrop campaigns: Glacier Drop and Midnight airdrop.

XRP holders who own at least $100 of XRP on June 11, 2025 are eligible to claim a share of the 1.2 billion NIGHT tokens, which will be used to govern Midnight’s governance. This is a smart strategy to increase community participation and ensure fair distribution of tokens among users who invest in the ecosystem.

The NIGHT token airdrop will be implemented in three stages starting July 2025. The first stage, known as the Initial Claim Phase, will last for 60 days. Next, the Scavenger Mine Phase, which lasts 30 days, allows users to earn unclaimed NIGHT tokens by completing certain computational tasks.

To prevent massive selling, all claimed NIGHT tokens will be locked in Cardano smart contracts and only 25% of the tokens will be gradually unlocked over one year, in four equal parts.

Long-term Benefits and Major Network Launch

Although Midnight is still in the testnet stage, its main network launch is scheduled 90 days after the airdrop.

The final phase, known as the Lost and Found Phase, provides a final opportunity to claim tokens before the surplus is transferred to Midnight’s coffers after four years. This demonstrates Cardano and Midnight’s long-term commitment to ensuring stability and continued growth in their ecosystem.

With various benefits on offer, such as enhanced privacy and cross-chain capabilities, Midnight is expected to become a DeFi hub that not only benefits XRP holders but also strengthens Cardano’s position in the blockchain industry. This collaboration promises a more integrated and efficient future for blockchain technology.

Overall, the collaboration between Midnight and Ripple marks a new chapter in the evolution of DeFi, with the potential to bring significant benefits to XRP holders and strengthen both ecosystems.

With a well-thought-out strategy and effective execution, this initiative will hopefully strengthen trust and cooperation between blockchain communities.

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