🚨 XRP'S LENDING PLAN IS GETTING CLOSER — BUT THERE'S A CATCH!
The XRP Ledger's proposed native lending system gained more validator support in a November 11 update.
Here's the latest:
- LendingProtocol received 22 of 35 validator votes.
- SingleAssetVault received 23 of 35 votes.
- Both need over 80% support for two consecutive weeks.
- The system could allow pooled assets to fund fixed-term loans.
Key takeaway: XRPL is moving toward native DeFi lending, but neither amendment has reached the approval threshold yet.
$XRP
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#XRP #XRPL #Crypto
Not financial advice. DYOR.
The XRP Ledger's proposed native lending system gained more validator support in a November 11 update.
Here's the latest:
- LendingProtocol received 22 of 35 validator votes.
- SingleAssetVault received 23 of 35 votes.
- Both need over 80% support for two consecutive weeks.
- The system could allow pooled assets to fund fixed-term loans.
Key takeaway: XRPL is moving toward native DeFi lending, but neither amendment has reached the approval threshold yet.
$XRP
.
.
.
.
#XRP #XRPL #Crypto
Not financial advice. DYOR.
