XRP Lending Protocol Gains Two More Validator Votes, Now Eight Away From Activation Countdown

The XRP Ledger’s native Lending Protocol has gained two additional validator votes, pushing support to 21 of 35 trusted validators, or 60%, as one of XRPL’s most consequential DeFi upgrades moves closer to the required supermajority. XLS-66 needs 29 of 35 validators to vote in favor before it can enter the mandatory two-week majority period. That leaves the LendingProtocol amendment eight Yes votes short of the threshold. Support has risen from 19 validators in recent amendment snapshots to 21 now. The move represents further progress for a feature that entered validator voting following the release of XRPL v3.1.0 . XLS-66 would introduce native, fixed-term, uncollateralized lending directly on the XRP Ledger. Rather than relying on an external smart-contract lending platform, pooled capital would sit inside Single Asset Vaults.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Crypto Basic.