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About MoreMarkets
MoreMarkets, spun out of the NEAR ecosystem as Nuffle Labs, runs a cross-chain yield and liquidity market. Users keep XRP, DOGE or BTC on the native chain, deposit into a vault and receive a receipt token; cross-chain messaging through Wormhole mints a matching position on the target chain, where strategists allocate capital to lending, staking and market making. Assets never leave the home network, avoiding wrapped representations and bridge exposure, yield is paid in the original asset, redemptions are queued to absorb liquidity mismatch, and the underlying strategies are visible on-chain.
Vaults are set per asset, each with its own strategy and redemption queue, and the receipt token can be transferred or posted as collateral. Deposits lock the asset on the home chain and the messaging layer mints a matching position on the target chain; redemptions queue by epoch, with queue length tied to the underlying strategy's unlock period. Strategists are tiered, positions and returns are readable on-chain, and coverage spans non-EVM assets such as XRP, DOGE and BTC.
MoreMarkets, formerly Nuffle Labs, was launched as an independent entity from the NEAR Foundation. In July 2024, Nuffle Labs released a technical roadmap, planning to launch the NFFL mainnet in early Q3, develop cross-chain NFFL applications, and reduce NEAR validator hardware requirements via stateless validation. On August 31, 2026, MoreMarkets suffered a security breach where attackers exploited vulnerabilities in Ankr's liquid staking token and E-Mode mechanism, draining approximately 15.5 million WFLOW tokens (worth about $9.3 million) from its mFlowWFLOW reserves. The incident highlighted risks in DeFi lending protocols.
On April 19, 2026, Nuffle Labs, an independent entity spun out of the NEAR Foundation, rebranded as MoreMarkets and launched a mainnet beta, repositioning as an integrated yield marketplace for non-EVM assets like XRP and DOGE. Later that year it partnered with Flare on the XRP Earn Account: users bridge XRP from their XRPL wallet into Flare's FAssets, and MoreMarkets auto-deploys it into lending and liquid-staking strategies, returning yield in XRP to hundreds of early users.
Future strategy and roadmap: MoreMarkets will build on its Flare based XRP Earn Account to extend yield accounts from XRP to other non-EVM assets such as DOGE and introduce real-world yield strategies like tokenized Treasuries and private credit; using FAssets and FXRP for lending and liquid staking, native assets can join DeFi without bridges, aiming to become a global non-EVM yield liquidity marketplace for retail and institutional users.
MoreMarkets is led by founder and CEO Altan Tutar. He studied computer science at Imperial College London, specializing in deep learning for robotics, then joined the NEAR Foundation as a partner engineer and drove external integration for NEAR's data availability layer. In June 2024 he spun the modular team out as Nuffle Labs with Sam Wang, Firat Sertgoz and Donovan Dall. In March 2025 the company rebranded as MoreMarkets, with Tutar handling external relations and team building, Sam Wang running operations, and Firat Sertgoz and Donovan Dall owning engineering. In October 2025 the team absorbed Mizu Labs' engineering bench. The core comes from the NEAR network.