XRP Ledger upgrade approved by 30 validators, lending protocol lags behind

The XRP Ledger (XRPL) is set to implement a new network amendment, fixCleanup3_4_0, following backing from 30 out of 36 trusted validators. The upgrade, projected to activate at approximately 09:34 UTC on October 23, surpasses the required threshold of 29 validator votes. The fixCleanup3_4_0 amendment prioritizes technical improvements rather than introducing large new features. Its main focus is on resolving issues affecting token permissions, automated market makers, escrow mechanisms, and the infrastructure supporting future lending systems. Unlike XRPL’s recent batch upgrades, this change aims to correct flaws and safeguard the proper functioning of existing and pending features. One of the key issues addressed involves the PaymentBurn permission that was recently rolled out as part of XRPL’s permission delegation model.

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