XRPL Lending Amendments Near Vote Threshold as Validators Rally

The XRP Ledger's proposed native lending system is seven validator votes short of activation, according to the XRPL amendment tracker. As of November 10, the LendingProtocol amendment held 22 votes from 35 trusted validators, approximately 62.9% support, while the companion SingleAssetVault amendment had reached 23 votes, or 65.7%.

Both amendments require at least 29 supporting validators — more than 80% of trusted validators — sustained for two consecutive weeks before they can activate on XRPL mainnet. If support falls below the threshold during that window, the countdown resets and only restarts once enough validators vote in favor again.

Support has accelerated since October. On October 19, LendingProtocol counted 19 supporting validators and SingleAssetVault counted 21. Ripple's own validator backed both proposals as early as August, when overall support stood at roughly 37% for lending and 40% for vaults.

What would native lending change on XRPL?

The 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 design works in two layers:

• Single Asset Vaults (XLS-66): users deposit XRP, RLUSD, or other supported tokens into a shared pool and receive vault shares proportional to their deposits.
• Lending Protocol (XLS-65): loan brokers draw on those pooled funds to issue fixed-term loans, with repayment obligations and related transactions recorded on-chain.

The model departs from the collateralized lending common on EVM chains. XRPL's framework supports uncollateralized loans: brokers assess borrower creditworthiness off-chain and manage the associated lending risk. A first-loss capital mechanism lets brokers commit their own funds to absorb an initial portion of borrower losses.

For practitioners, this changes the operating model. Rather than liquidation engines and overcollateralization ratios, risk management sits with licensed-style intermediaries — the brokers — who carry skin in the game through first-loss positions. Developers have already begun testing the tooling ahead of mainnet approval, including an October hackathon organized by XRPL Commons.

A third amendment, LendingProtocolV1_1, introduced through XRPL version 3.4.0, has received 22 votes. It would establish closed-ended vaults with distinct subscription, investment, and redemption periods, and it would change vault accounting: interest income would be recognized when borrowers actually make payments, rather than recording the full scheduled interest at loan issuance — a shift toward realized rather than accrued revenue recognition.

Ecosystem groups back the vote

In a November 11 statement, XRPL Lending Network confirmed its validator had voted in favor of both amendments. The group said it was actively testing the proposed lending protocol and single-asset vaults, developing supporting infrastructure, and sharing feedback with XRP Ledger developers, while acknowledging that support from additional validators would be necessary before the features could operate on mainnet.

XRPL Lending Network is also preparing a $10,000 rewards pool, denominated in XRP, for creators producing educational content about lending technology and infrastructure on the network. The project said it would share further details later.

Separately, on November 10 the XRP Ledger Foundation announced XRP Ledger Education Month, offering up to $40,000 in awards for educators and content creators. Participants can submit videos, tutorials, articles, explanatory threads, and graphics covering the upcoming amendments — including the Lending Protocol — or the network's consensus and underlying technology. The foundation said submissions would be judged on clarity, accuracy, creativity, community relevance, and consistency.

The two combined reward pools, $50,000 in total, signal that ecosystem groups are treating the activation vote as much as a communication problem as a technical one: validators must be convinced the amendments are ready, and the education spending is aimed at exactly that constituency.

The practical question is timing. At the current pace — three validators added to LendingProtocol between October 19 and November 10 — both amendments could cross the 29-vote floor within weeks, after which the two-week continuous-approval countdown becomes the final gate to mainnet.