XRPL Lending Proposal Adds Closed-Ended Vault Design
- —LendingProtocolV1_1 adds a VaultKind setting to the VaultCreate transaction
- —Closed-ended vaults carry dates for closing subscriptions and starting redemptions
- —Open-ended vaults without a term remain the default option
- —The document describes mechanics, not the launch of a live lending product
Why it matters: The standard moves on-chain lending closer to fixed-term structures that institutional products need, though it does not remove credit risk.
Source: Bitcoinist