XRPL lending protocol gains validator support as vault vote advances

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The XRP Ledger’s proposed native lending system has gained additional validator support, bringing its lending and single-asset vault amendments closer to the voting threshold required for mainnet activation.

Summary

XRPL’s LendingProtocol amendment secured 22 of 35 validator votes, while SingleAssetVault received 23, leaving both proposals short of the required approval threshold.
Both amendments need more than 80% validator support for two consecutive weeks before they can activate on the XRP Ledger mainnet.
The proposed lending system would allow users to deposit supported assets into shared vaults, while loan brokers could use pooled funds to issue fixed term loans.
XRPL Lending Network confirmed its support for the amendments and said it was testing the technology while preparing a $10,000 XRP rewards initiative.
The XRP Ledger Foundation announced a separate $40,000 education program for creators producing tutorials, videos, and other material about the network and its upcoming features.

According to the XRPL amendment tracker, the LendingProtocol amendment had secured 22 votes from 35 trusted validators as of November 10, while SingleAssetVault had received 23 votes. Both proposals require at least 29 supporting validators before the network can begin its two-week activation countdown.

The latest figures put lending support at approximately 62.9%, while the vault amendment has reached 65.7%. LendingProtocol needs seven more votes, while SingleAssetVault requires six.

A third amendment, LendingProtocolV1_1, has received 22 votes. It introduces changes to how lending vaults operate and how interest payments are recorded.

XRPL lending protocol awaits validator consensus

In a November 11 statement, XRPL Lending Network said it was actively testing the proposed lending protocol and single-asset vaults, developing supporting infrastructure, and sharing feedback with XRP Ledger developers.

The project confirmed that its validator had voted in favor of both amendments, although it acknowledged that support from other validators would be necessary before the features could operate on mainnet.

The statement said the group was working to improve community understanding of the proposed technology and encourage participation in testing.

For either amendment to go live, more than 80% of trusted validators must support it for two straight weeks. If support drops below that level before the two weeks are up, the process starts over once enough validators vote in favor again.

Voting has progressed since October. As crypto.news previously reported, LendingProtocol had 19 supporting validators on October 19, while SingleAssetVault had 21.

Ripple’s validator had already backed both proposals in August, when support stood at roughly 37% for lending and 40% for vaults.

How would native lending work on the XRP Ledger?

The proposed lending framework consists of two connected amendments, XLS-65 and XLS-66, which would introduce pooled asset vaults and fixed-term lending directly into the XRP Ledger.

The Single Asset Vaults proposal would allow users to deposit XRP, RLUSD, or other supported tokens into a shared pool. In return, they would receive vault shares based on how much they deposit.

The Lending Protocol would allow loan brokers to use those pooled funds to issue fixed-term loans, with repayment obligations and related transactions recorded on the ledger.

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Unlike lending systems that require borrowers to deposit cryptocurrency as collateral, XRPL’s proposed framework supports uncollateralized loans. Loan brokers would assess borrower creditworthiness outside the blockchain and manage the associated lending risks.

The design includes a first-loss capital mechanism through which brokers can provide funds to absorb an initial portion of potential borrower losses.

Developers have already been testing native lending tools before mainnet approval, including through an October hackathon organized by XRPL Commons.

The separate LendingProtocolV1_1 amendment, introduced through XRPL version 3.4.0, would establish closed-ended vaults with subscription, investment, and redemption periods.

It would change the accounting process so vaults recognize interest income when borrowers make payments, instead of recording the full scheduled interest when loans are issued.

XRP Ledger Foundation launches education rewards program

Alongside the ongoing validator voting, the XRP Ledger Foundation announced an education initiative on November 10, offering up to $40,000 in awards for educators and content creators.

The program, called XRP Ledger Education Month, invites participants to explain upcoming amendments, including the Lending Protocol, or create educational material about XRP, consensus, and the network’s underlying technology.

Participants can submit videos, tutorials, articles, explanatory threads, graphics, and other educational content. The foundation said submissions would be evaluated for clarity, accuracy, creativity, community relevance, and consistency.

XRPL Lending Network subsequently announced plans for a separate $10,000 rewards pool denominated in XRP for creators producing educational content specifically about lending technology and infrastructure on the network.

The project said it was preparing the initiative and would share further details later.

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