XRP Ledger lending protocol nears activation with 23 validator votes

The XRP Ledger (XRPL) is approaching a major decentralized finance (DeFi) milestone with the potential launch of its native lending protocol, XLS-66. This upgrade aims to expand lending opportunities and boost liquidity across the network, marking an important development for the ecosystem. Vet, an active XRPL validator and community member, reported that the Lending Protocol amendment has secured two additional Yes votes from validators. This brings total support to 23 out of 35 trusted validators, representing approximately 66% of the required threshold. To progress toward implementation, the amendment must still receive six more affirmative votes, reaching the minimum threshold of 29 validators.

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