🚨 XRP Ledger Is Getting Closer to On-Chain Lending!
Something interesting is happening in the XRP ecosystem.
The proposed XRP Ledger Lending Protocol has reached 22 supporting validators out of 35.
It needs 29 votes, maintained for 14 consecutive days, before activation.
💡 What makes this interesting?
The protocol is designed to support fixed-term loans using funds pooled in Single Asset Vaults — without requiring borrower collateral.
However, credit assessment and risk management still depend on off-chain brokers.
This could add a new DeFi use case to the XRP Ledger, but approval is not guaranteed yet.
👀 Can XRP Ledger become a stronger DeFi ecosystem?
#xrp #XRPL #defi #altcoins #CryptoNews
Something interesting is happening in the XRP ecosystem.
The proposed XRP Ledger Lending Protocol has reached 22 supporting validators out of 35.
It needs 29 votes, maintained for 14 consecutive days, before activation.
💡 What makes this interesting?
The protocol is designed to support fixed-term loans using funds pooled in Single Asset Vaults — without requiring borrower collateral.
However, credit assessment and risk management still depend on off-chain brokers.
This could add a new DeFi use case to the XRP Ledger, but approval is not guaranteed yet.
👀 Can XRP Ledger become a stronger DeFi ecosystem?
#xrp #XRPL #defi #altcoins #CryptoNews
