Common Prefix formally verifies XRP Ledger lending protocol
- —Verification covers the XRP Ledger lending protocol introduced via XLS-66
- —Goal is to prove the impossibility of draining, insolvency and rule violations
- —Lean 4 chosen: independent of an SMT solver and compiles to C for cross-checking against real code
- —XRP Ledger validator Vet noted the method is used in military and nuclear systems
Why it matters: A formal proof of the lending protocol's security reduces exploit risk and boosts confidence in lending on the XRP Ledger.
Source: The Crypto Basic