$XRP đ XRPL is leveling up! Native Lending is coming to the XRP Ledger! đđ„
Crypto builders, get ready! Over 400 developers are descending on New York for the XRPL Commons Hackathon (Oct. 24â25) to test out game-changing native lending and vault tools before they hit the mainnet! đïžđ»âš
đ What's the Big Deal?
đ§Ș Testing Ground: Developers are building cutting-edge apps using test versions of XLS-65 and XLS-66 while awaiting final validator approval (which needs over 80% trusted support!).
đŠ Single Asset Vaults (XLS-65): Lets depositors pool assets like XRP and Rippleâs dollar stablecoin (RLUSD) to earn shares. đ°
đ€ Fixed-Term Loans (XLS-66): Uses those pooled assets to fund loans directly on the ledgerâno bridges or custom smart contracts required! âĄ
đĄïž Credit-Based & Safe: Uses off-chain credit assessments, first-loss capital buffers, and closed-ended deposit/redemption periods to keep everything running smoothly.
đ The New York Hackathon Breakdown
With $40,000+ in prizes and major backers like Ripple, Mastercard, AWS, and Ledger, teams are competing across four epic tracks:
Lending & Borrowing đž
Protocol Innovation (featuring C++ core dev bootcamps!) đ ïž
Agentic Finance (AI agents managing payments and funds on XRPL! đ€)
"Why Not" Open Category đ
Top innovators won't just win cashâthey'll get fast-tracked into the XRPL Commons Incubation program to launch their projects to the world! đ
What aspect of the XRPL upgrade are you most hyped aboutâthe AI agent finance track or native DeFi lending? Letâs chat in the comments! đđŹDYOR đ§
Crypto builders, get ready! Over 400 developers are descending on New York for the XRPL Commons Hackathon (Oct. 24â25) to test out game-changing native lending and vault tools before they hit the mainnet! đïžđ»âš
đ What's the Big Deal?
đ§Ș Testing Ground: Developers are building cutting-edge apps using test versions of XLS-65 and XLS-66 while awaiting final validator approval (which needs over 80% trusted support!).
đŠ Single Asset Vaults (XLS-65): Lets depositors pool assets like XRP and Rippleâs dollar stablecoin (RLUSD) to earn shares. đ°
đ€ Fixed-Term Loans (XLS-66): Uses those pooled assets to fund loans directly on the ledgerâno bridges or custom smart contracts required! âĄ
đĄïž Credit-Based & Safe: Uses off-chain credit assessments, first-loss capital buffers, and closed-ended deposit/redemption periods to keep everything running smoothly.
đ The New York Hackathon Breakdown
With $40,000+ in prizes and major backers like Ripple, Mastercard, AWS, and Ledger, teams are competing across four epic tracks:
Lending & Borrowing đž
Protocol Innovation (featuring C++ core dev bootcamps!) đ ïž
Agentic Finance (AI agents managing payments and funds on XRPL! đ€)
"Why Not" Open Category đ
Top innovators won't just win cashâthey'll get fast-tracked into the XRPL Commons Incubation program to launch their projects to the world! đ
What aspect of the XRPL upgrade are you most hyped aboutâthe AI agent finance track or native DeFi lending? Letâs chat in the comments! đđŹDYOR đ§