Key facts
- Ripple has voted in favor of amendments for the XRP Ledger.
- The amendments enable Single Asset Vault (XLS-65) and Lending Protocol (XLS-66).
- These proposals aim to introduce on-chain credit and lending infrastructure.
- The move is intended to support DeFi and tokenization efforts on the XRP Ledger.
Ripple has voted to approve amendments that will enable the Single Asset Vault (XLS-65) and the Lending Protocol (XLS-66) on the XRP Ledger. These proposals are now closer to activation on the ledger. The primary goal of these amendments is to establish on-chain credit and lending infrastructure. This development is anticipated to significantly support decentralized finance (DeFi) and tokenization efforts within the XRP Ledger ecosystem. The introduction of these features is a key step towards enhancing the utility and functionality of the XRP Ledger for a broader range of financial applications.