The XRP Ledger is moving closer to enabling native lending after developers proposed a set of amendments that would bring pooled credit infrastructure to the network.
Under XLS-65, the ledger would introduce Single Asset Vaults for XRP, RLUSD and other supported tokens. Depositors would receive shares representing their contributions to each vault, while loan brokers could use those pooled assets to arrange fixed-term loans under XLS-66.
The related LendingProtocolV1_1 amendment would create vaults with defined deposit, lending and withdrawal periods, and would recognize interest income only when borrowers actually make payments. Borrower screening and lending decisions would remain with participating firms, while validators must approve the proposed amendments before lending can go live on mainnet.
If activated, the upgrade could expand the XRP Ledger beyond payments and asset transfers into on-chain credit markets.
