XRP Ledger Introduces LendingProtocolV1_1 Amendment to Enhance Uncollateralized Lending Features
What happened
On October 19, 2026, the XRP Ledger introduced an amendment to its lending protocol, refining uncollateralized lending features before validator activation.
The Context
- Validator Approval Needed: The LendingProtocol and SingleAssetVault amendments require sustained support from approximately 80% of trusted validators for activation.
- New Features: The LendingProtocolV1_1 amendment introduces closed-ended vaults and cash-basis accounting, enhancing the mechanics of fixed-term lending.
- Current Status: As of mid-October 2026, the lending amendments have garnered only 19-21 votes each, falling short of the necessary threshold for activation.
The Number
— This is the current support level for each of the three lending amendments, highlighting the challenges in achieving validator consensus.
Takeaway
With the fixCleanup3_4_0 amendment projected to activate soon, the focus will shift to whether the lending amendments can gain the necessary support.
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