XRP Ledger's Biggest Lending Upgrade Just Got Closer

The XRP Ledger (XRPL) is on the verge of a significant decentralized finance (DeFi) upgrade that could potentially open up new lending possibilities and liquidity for the XRP Ledger network. According to Vet (@Vet_X0), a notable XRPL validator and community member, the much-anticipated Lending Protocol amendment has now gained two more Yes votes from validators, moving one step closer to activation. The Lending Protocol amendment now boasts 21 Yes votes from a total of 35 trusted validators (60%). The amendment needs eight more Yes votes to reach the minimum threshold of 29 validators. Reaching this threshold doesn’t mean that the upgrade will instantly go live. Instead, reaching the supermajority threshold will initiate the mandatory two-week activation period, which requires a minimum of 80% of validators to support the amendment.

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