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[SITUATION] · [QUIET] · [TECHNOLOGY]

4 clusters · 12 sources · 38 days · First seen · Last updated

XRP Ledger protocol and lending updates

Overview

The XRP Ledger (XRPL) has undergone technical updates to prepare for native lending services. Initially, the network activated the ‘fixCleanup3_3_0’ amendment, a maintenance step designed to resolve errors in protocol components such as Automated Market Makers (AMM), vaults, and lending protocols.

Following this, the XRP Ledger Foundation released xrpld server software version 3.4.0. This version introduces the LendingProtocolV1_1 amendment, which features closed-ended vaults involving subscription, investment, and redemption stages. During the investment phase, deposits and withdrawals are restricted. The update also implements a cash-basis accounting model for new vaults to ensure interest is only recorded upon repayment, preventing unrealized interest from affecting asset prices. This accounting change will not be applied retroactively to existing vaults.

As of late October 2026, the network is in the process of voting on these lending-related amendments. Developers released the LendingProtocolV1_1 update to address flaws in the upcoming uncollateralized lending system before its official launch. This system is designed for institutional borrowers, utilizing off-chain credit assessments and a ‘first-loss capital’ buffer to manage risk.

For the amendment to activate on the mainnet, it must receive support from more than 80% of trusted validators for a continuous two-week period; if support falls to or below 80% during this window, the countdown resets. As of mid-October, the amendments remained in the voting queue, having collected approximately 19 to 21 votes out of roughly 36 trusted validators.

Entities

XRP Ledger Foundation · RippleX

Timeline

  1. [TECHNOLOGY] 5 sources
    XRP Ledger developers patch lending protocol before launch

    XRP Ledger developers have introduced a revised lending protocol, LendingProtocolV1_1, to fix flaws in the upcoming uncollateralized lending system before it undergoes validator approval.

  2. [TECHNOLOGY] 3 sources
    XRP Ledger begins validator vote on lending protocol upgrade

    The XRP Ledger has opened validator voting on the LendingProtocolV1_1 amendment to introduce native lending infrastructure, featuring closed-ended vaults and cash-basis accounting.

  3. [TECHNOLOGY] 3 sources
    XRP Ledger releases version 3.4.0 with new lending protocol

    XRP Ledger has released version 3.4.0, introducing LendingProtocolV1_1 with closed-ended vaults and cash-basis accounting, pending validator approval for mainnet activation.

  4. [TECHNOLOGY] 3 sources
    XRP Ledger activates fixCleanup3_3_0 technical amendment

    The XRP Ledger has activated the ‘fixCleanup3_3_0’ amendment, a technical cleanup of code for AMMs, vaults, and lending protocols to prepare for future native lending features.

Sources

coin-turk.com · coinpaper.com · criptotendencias.com · cryptobriefing.com · it-boltwise.de · livebitcoinnews.com · news.trijo.co · phocapblockchain.net · themarketperiodical.com · tokenpost.com · tokenpost.kr · u.today

This summary has been updated 2 times: see revision history