# XRP Ledger protocol and lending updates

> Live situation record from CLSTR: https://clstr.news/situations/xrp-ledger-protocol-and-lending-updates
> Updated: 2026-09-18T00:22:45.000Z. Sources: 5. Developments: 2.

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. 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. While the software is released, full activation of these lending features on the mainnet requires the amendment to receive support from over 80% of validators for a continuous two-week period.

## Timeline

### 2026-09-18: 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.

3 sources. https://clstr.news/cluster/xrp-ledger-releases-version-340-with-new-lending-protocol

### 2026-09-12: 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.

3 sources. https://clstr.news/cluster/xrp-ledger-activates-fixcleanup3-3-0-technical-amendment

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Cite as: XRP Ledger protocol and lending updates. CLSTR, https://clstr.news/situations/xrp-ledger-protocol-and-lending-updates