XRP Ledger Launches Global Public Nodes Network Ahead of v3.3.0 Upgrade
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IN SHORT
The XRP Ledger (XRPL) is expanding its capabilities with the launch of a global public nodes network, developed in partnership with Ankr. This initiative aims to improve developer and user experience ahead of the v3.3.0 mainnet upgrade, which will introduce enhancements for tokenized assets and privacy. Concurrently, XRP holders can now leverage their holdings in decentralized finance on Ethereum. Through Flare's FXRP token on the Morpho lending protocol, XRP can be used as collateral to borrow Ripple's RLUSD stablecoin without necessitating a sale of the underlying XRP.
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Who's Involved
XRP Ledger Foundation
Organization that launched a global network of public nodes for the XRPL
Ankr
Partner in the launch of the XRP Ledger's global public nodes network
XRP Ledger (XRPL)
Blockchain network receiving infrastructure upgrades and DeFi integration
Flare
Provider of the FXRP token used as collateral for borrowing RLUSD
Sentora
Operator of the RLUSD vault on Ethereum accepting FXRP as collateral
Morpho
Ethereum lending protocol where the RLUSD vault operates
Ripple
Issuer of the RLUSD stablecoin available for borrowing against XRP
Key facts
The XRP Ledger Foundation and Ankr have launched a global network of public nodes.
This network aims to enhance developer and user interaction with the XRPL.
The launch precedes the XRPL's v3.3.0 mainnet upgrade.
The v3.3.0 upgrade includes five proposed amendments.
These amendments focus on tokenized asset functionality and privacy.
XRP holders can now borrow Ripple's RLUSD stablecoin on Ethereum.
Flare's FXRP token is accepted as collateral in Sentora's RLUSD vault.
The vault operates on Ethereum's Morpho lending protocol.
XRP can be used as collateral without selling the tokens.
The XRP Ledger (XRPL) is enhancing its infrastructure with the introduction of a global network of public nodes. This project, a collaboration between the XRP Ledger Foundation and Ankr, is designed to streamline developer and user interactions with the XRPL. The launch is timed to precede the forthcoming xrpld v3.3.0 mainnet upgrade. This upgrade is set to introduce five proposed amendments focused on refining the functionality of tokenized assets and bolstering privacy features within the XRPL ecosystem.
In parallel, XRP holders are gaining new avenues within decentralized finance (DeFi) on the Ethereum network. Flare's FXRP token is now integrated as accepted collateral within the Sentora RLUSD vault, which operates on Ethereum's Morpho lending protocol. This development enables XRP holders to borrow Ripple's RLUSD stablecoin by using their XRP holdings as collateral. Crucially, this process allows them to access liquidity without having to sell their XRP tokens, marking a notable advancement for XRP's utility in the DeFi space.
These developments signify a dual approach to strengthening the XRP ecosystem. The public nodes network and upcoming upgrade focus on core XRPL improvements, aiming to attract more developers and enhance user experience. Simultaneously, the integration into Ethereum's DeFi landscape broadens the financial applications for XRP, increasing its potential use cases beyond simple transactions and fostering greater interoperability.
↳ Why This Matters
The XRP Ledger (XRPL) is enhancing its infrastructure with the introduction of a global network of public nodes. This project, a collaboration between the XRP Ledger Foundation and Ankr, is designed to streamline developer and user interactions with the XRPL. The launch is timed to precede the forthcoming xrpld v3.3.0 mainnet upgrade. This upgrade is set to introduce five proposed amendments focused on refining the functionality of tokenized assets and bolstering privacy features within the XRPL ecosystem.
Frequently asked questions
The network aims to facilitate interaction between developers and users with the XRP Ledger, eliminating the need for them to run their own nodes and enhancing the network's global reach and connectivity.
The upgrade includes five proposed amendments: Confidential MPT for privacy, Batch for atomic settlement, Permission Delegation for institutions, Sponsored Fees and Reserves, and Dynamic MPT for token property changes.
The XRP Ledger Foundation partnered with Ankr to provide the globally distributed nodes, with commentary from XRPL dUNL validator Vet.
What Happens Next
01xrpld v3.3.0 mainnet upgrade release, contingent on validator approval.
02Activation of proposed amendments following validator approval.
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