DeFi· ★★★· neutral·

XRP Ledger releases version 3.4.0 with Lending Protocol v1.1

  • —Lending Protocol v1.1 adds closed vaults and cash accounting for lenders
  • —XLS-66 loans use off-chain underwriting instead of on-chain collateral
  • —Amendments activate only after validator approval
  • —The update changes node behavior when ledger history is missing
Why it matters: Expanding XRPL's lending functionality could attract institutional borrowing to the network, but only after validator voting.
#XRP
Source: CoinGape
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