XRP Ledger Proposes Native Lending and Privacy Features

The XRP Ledger Foundation is proposing a series of amendments to introduce native lending and privacy features directly on the network. The proposals, which include XLS-65, XLS-66, XLS-0096, and XLS-70, aim to build a comprehensive DeFi stack at the protocol level.

XLS-65 and XLS-66 focus on establishing a native lending protocol, allowing XRP holders to lend and borrow assets directly on the ledger. Meanwhile, XLS-0096 addresses privacy and delegation of authority, enabling users to transact with enhanced confidentiality and delegate decision-making powers.

The amendments signal a strategic shift toward building a self-contained DeFi ecosystem within the XRP Ledger, potentially increasing its utility and competitiveness against other blockchain networks.