XRP ledger lending proposal edges closer to validator network approval
Image: BitcoinistValidator support for proposed lending protocol amendments on the XRP Ledger has increased. The LendingProtocol amendment secured 22 votes out of 29 required, while the SingleAssetVault amendment received 23 votes. Both proposals need at least 29 supporting validators maintained for two consecutive weeks before activation. XRP traded at $1.04, down 1.21% over the past 24 hours.
Key points
- Validator support for proposed lending protocol amendments on the XRP Ledger has increased.
- Both proposals need at least 29 supporting validators maintained for two consecutive weeks before activation.
Why it matters
The proposed native lending infrastructure could expand the XRP Ledger's network functionality beyond standard payments and asset transfers into institutional finance and fixed-term loans.
Price context · XRP
At publication
$1.04
Now
$1.05
Change since
+0.19%
7 days · dashed line = publication
Sources · 2 publishers
Bitcoinist
Tier 2
XRP Ledger Lending Proposal Gains Momentum As Validators Move Closer To Approval
Coverage timeline
- First reported by CoinGape
- Also reported by Bitcoinist
- CryptoVideos brief published
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