XRPL Commons to test native XRP Ledger lending ahead of validator approval
- —Over 400 builders registered for the 36-hour XRPL Commons hackathon in New York
- —XLS-65 introduces Single Asset Vaults for pooling XRP and RLUSD; XLS-66 funds fixed-term loans
- —Prize pool exceeds $40,000, with Ripple, Mastercard, AWS, Ledger and QuickNode as partners
- —Activation requires over 80% support from trusted validators for two consecutive weeks
Why it matters: Native lending could add a credit layer to the XRP Ledger without bridges or custom smart contracts, but launch timing hinges on validator voting.
Source: crypto.news