XRP Validators Vote on Native Lending Amid Price Volatility
The XRP Ledger is on the cusp of introducing native lending and borrowing capabilities as validator voting continues on proposed amendments. The new framework, aimed at integrating lending directly into the protocol, eliminates the need for separate smart contract systems. Two amendments, XLS-65 and XLS-66, underpin this initiative, with XRPL Commons describing it as an effort to bring lending directly onto the network.
According to the source, XLS-65 details the design of single-asset vaults that allow users to deposit assets such as XRP or RLUSD and receive pool shares based on their contribution. The XLS-66 amendment proposes a protocol for loan issuance through brokers using a fixed-term structure.
The integration of native lending would expand the XRP Ledger's financial services, but its impact on demand will likely depend on market participants' choices regarding collateral and borrowing assets.