XRP Ledger Implements LendingProtocolV1_1 Amendment to Enhance DeFi Capabilities
What happened
On October 19, 2026, developers released the LendingProtocolV1_1 amendment to patch the XRP Ledger's uncollateralized lending system before activation.
The Context
- Lending Framework: The XRP Ledger aims to enable uncollateralized fixed-term loans through pooled single-asset vaults, enhancing its DeFi capabilities.
- Validator Votes: The LendingProtocol and related amendments currently hold 19-21 validator votes each, falling short of the 29 votes needed for activation.
- Upcoming Activation: A separate fixCleanup package is on track for activation on October 23, 2026, indicating some validator consensus on non-lending fixes.
The Number
— This is the approximate number of validator votes required for an 80% activation threshold out of 36 trusted validators, crucial for the future of the lending protocol.
Takeaway
The stalled lending amendments highlight the cautious approach of validators, suggesting that full activation may take longer than anticipated.
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