XRP Ledger Patches Lending Protocol Before Launch
- —The protocol enables on-chain, fixed-term, uncollateralized loans from pooled funds
- —Defaults are absorbed by first-loss capital posted by the loan broker
- —Amendments require 80% validator support over a two-week period
- —Developers recently fixed a payment-engine bug that could have minted fake XRP
Why it matters: Patching before launch reduces the risk of a flawed credit primitive going live as XRPL pushes into institutional DeFi.
Source: Decrypt