🚨 XRP Lending Amendment Wins One More Ecosystem Vote: Are On-Chain Bond Markets Next? 🚨
XRP Ledger’s native lending protocol has moved one step closer to activation after xpmarket backed the XLS-65 and XLS-66 upgrade package. The amendments would enable Single Asset Vaults, fixed-term lending, and a model that looks closer to an on-chain bond market than traditional DeFi.
🔑 Key highlights:
🔹️ xpmarket added a new “YES” vote for the XLS-65 and XLS-66 amendment package.
🔹️ The combined Lending Protocol is still in voting status on XRPL.
🔹️ Consensus currently stands at 20%, with 7 of 35 key validators voting yes.
🔹️ The network needs 28 yes votes and two weeks of sustained support for activation.
🔹️ XLS-65 would allow Single Asset Vaults where users pool one asset, such as XRP or RLUSD.
🔹️ XLS-66 would let the protocol issue fixed-term loans and distribute income to depositors.
🔹️ Because the loans are unsecured and underwriting happens off-chain, the design is being compared to TradFi bond and credit markets.
🎯 Bottom Line: XRP Ledger’s lending upgrades are gaining momentum, and if the final votes hold, the network could soon support a new kind of on-chain credit market.
https://u.today/xrp-lending-amendment-wins-one-more-ecosystem-vote-are-on-chain-bond-markets-next