XRP Ledger Gets Lending Protocol Boost from Clearpool
Clearpool has developed a lending protocol native to the XRP Ledger, utilizing the XLS-66 and XLS-65 protocols. This initiative aims to establish a protocol-level lending infrastructure on the XRP Ledger, featuring RLUSD as the settlement currency.
The project is currently in the development and testing phase, with the XLS-65 and XLS-66 amendments available on the devnet but pending mainnet validator approval. The integration of these protocols suggests a shift towards a more integrated credit infrastructure on the XRP Ledger, potentially enhancing its utility for institutional participants.
Clearpool's announcement has been met with market interest, with market pricing suggesting that this development is viewed as consistent with scenarios where XRP could see increased institutional engagement. Observers should monitor the approval process for XLS-65 and XLS-66 by mainnet validators, as this will be crucial for the project's progression.