Ripple's XRPL lending proposals fall short of validator threshold
- —XLS-65 has 21 votes and XLS-66 has 19, short of the 29 needed
- —Activation requires 29 of 35 validators and 80% support for 14 straight days
- —XLS-65 defines vaults; XLS-66 covers fixed-term loans drawn from those pools
- —Loans can be unsecured, with credit checks and risk management handled off-chain by institutions
Why it matters: Lending on the XRP Ledger remains at the design stage, and its launch hinges on validator votes rather than Ripple announcements.
Source: TokenPost