The XRP Ledger's proposed lending amendments have not yet reached the validator threshold needed for activation. Support has grown since October, but approval requires a sustained majority. Any effect on XRP's price remains uncertain.
The LendingProtocol amendment received support from 22 of the XRP Ledger's 35 trusted validators in the November 11 voting snapshot. The accompanying SingleAssetVault amendment secured 23 votes.
Both proposals need at least 29 supporting validators for two consecutive weeks before activation, and neither has reached that threshold yet.
Validator support grows since October
On October 19, LendingProtocol had 19 supporting validators. By November 11 that figure reached 22, approximately 63% of the trusted validator group.
Meanwhile, SingleAssetVault rose from 21 to 23 supporters, equivalent to approximately 66%. The two amendments are designed to work together, so both must win enough approval before lending can run on the mainnet.
Lending without borrower collateral
Under the framework, users could deposit supported assets into shared vaults, and loan brokers could use those pools to issue fixed-term loans. Unlike many decentralized finance lending protocols, the system would not require borrowers to post collateral to the protocol.
Instead, loan brokers would assess creditworthiness, manage lending risks and provide first-loss capital. In a June 29 statement, Ripple's Jasmine Cooper said the protocol separates credit decisions from loan execution. Financial institutions would keep control of underwriting, while the blockchain manages repayment schedules, interest calculations and settlement.
What it means for XRP
Higher lending activity would not automatically translate into an equivalent increase in XRP demand. The system can support different assets, and participants may choose stablecoins or tokenized financial instruments rather than XRP itself.
XRP remains the network's native asset and pays transaction fees. Recent trading has brought XRP close to the $1 level after a broader cryptocurrency market correction.
Bitcoinist calls the amendments a potential longer-term catalyst, but says their impact on price will depend on actual adoption rather than validator approval alone.
Source: Bitcoinist
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