XRPL 3.4.0 adds private vaults with XRP lockups from one minute to 30 years
- —Vault investment phase duration: from 60 seconds to less than 30 years
- —LendingProtocol: 13 of 35 validator votes, SingleAssetVault: 16 of 35, against a threshold of 28
- —Cash-basis accounting records interest only when the borrower actually pays
- —Vaults accept XRP, trust tokens, or Multi-Purpose Tokens
Why it matters: Activation depends on validator voting; demand for XRP will only emerge if applications choose it as the asset for lending pools.
Source: CryptoSlate