XRP Ledger Validators Begin Voting on New Lending Protocol Amendment

Key Facts

Voting has opened for XRP Ledger validators on the new LendingProtocolV1_1 amendment, CoinGape reported. The upgrade aims to enable native lending capabilities on the XRPL mainnet, marking a critical procedural step toward launching decentralized lending services.

The proposed amendment introduces technical features including closed-ended vaults and cash-basis accounting, which RippleX describes as a more conservative and accurate accounting model. This phase is essential for activating the base lending engine and managing loan origination and repayments on the network, as the ecosystem continues to expand its DeFi utility amid a lack of current price data for associated assets.