$XRP 🚀 XRPL is leveling up! Native Lending is coming to the XRP Ledger! 🌐🔥
Crypto builders, get ready! Over 400 developers are descending on New York for the XRPL Commons Hackathon (Oct. 24–25) to test out game-changing native lending and vault tools before they hit the mainnet! 🏙️💻✨
🔑 What's the Big Deal?
🧪 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!).
🏦 Single Asset Vaults (XLS-65): Lets depositors pool assets like XRP and Ripple’s dollar stablecoin (RLUSD) to earn shares. 💰
🤝 Fixed-Term Loans (XLS-66): Uses those pooled assets to fund loans directly on the ledger—no bridges or custom smart contracts required! ⚡
🛡️ Credit-Based & Safe: Uses off-chain credit assessments, first-loss capital buffers, and closed-ended deposit/redemption periods to keep everything running smoothly.
🏆 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 💸
Protocol Innovation (featuring C++ core dev bootcamps!) 🛠️
Agentic Finance (AI agents managing payments and funds on XRPL! 🤖)
"Why Not" Open Category 🚀
Top innovators won't just win cash—they'll get fast-tracked into the XRPL Commons Incubation program to launch their projects to the world! 🌟
What aspect of the XRPL upgrade are you most hyped about—the AI agent finance track or native DeFi lending? Let’s chat in the comments! 👇💬DYOR 🧐
Crypto builders, get ready! Over 400 developers are descending on New York for the XRPL Commons Hackathon (Oct. 24–25) to test out game-changing native lending and vault tools before they hit the mainnet! 🏙️💻✨
🔑 What's the Big Deal?
🧪 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!).
🏦 Single Asset Vaults (XLS-65): Lets depositors pool assets like XRP and Ripple’s dollar stablecoin (RLUSD) to earn shares. 💰
🤝 Fixed-Term Loans (XLS-66): Uses those pooled assets to fund loans directly on the ledger—no bridges or custom smart contracts required! ⚡
🛡️ Credit-Based & Safe: Uses off-chain credit assessments, first-loss capital buffers, and closed-ended deposit/redemption periods to keep everything running smoothly.
🏆 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 💸
Protocol Innovation (featuring C++ core dev bootcamps!) 🛠️
Agentic Finance (AI agents managing payments and funds on XRPL! 🤖)
"Why Not" Open Category 🚀
Top innovators won't just win cash—they'll get fast-tracked into the XRPL Commons Incubation program to launch their projects to the world! 🌟
What aspect of the XRPL upgrade are you most hyped about—the AI agent finance track or native DeFi lending? Let’s chat in the comments! 👇💬DYOR 🧐