Can XRPL Add Native Lending? Ripple Backs XLS-65 and XLS-66
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Ripple voted to back two XRPL amendments, XLS-65 and XLS-66, that would add Single Asset Vaults and native on-ledger lending to enable DeFi-style vaults and loan liquidity on the ledger. However, XLS-65 has roughly 40% validator support and XLS-66 about 37%, both well below the 80% activation threshold, leaving the protocol update, DeFi adoption and potential token utility gains uncertain.
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- XRPL amendments aim to introduce native vaults and on-ledger lending infrastructure.
- XLS-65 would pool assets into vaults, while XLS-66 would use that liquidity for loans.
- Both proposals remain below the 80% threshold, leaving their approval uncertain.
Ripple has voted in favor of two XRP Ledger amendments that would introduce native vaults and a lending protocol, though both proposals remain below the approval threshold. The proposals, XLS-65 and XLS-66, would add Single Asset Vaults and a lending framework to XRPL.
XLS-65 currently has about 40% validator support, while XLS-66 has more than 37%. Both remain below the 80% level required for activation, meaning the proposals have not yet secured approval.
What Are XLS-65 and XLS-66?
XLS-65 would create Single Asset Vaults, allowing users to pool a single asset type within a standardized XRPL structure. A …
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