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      XRP Ledger Introduces Patch for Lending Protocol Ahead of Launch

      The XRP Ledger has released a patch for its upcoming lending protocol, known as LendingProtocolV1_1, as part of the xrpld version 3.4.0 update. This update, which was deployed between September 16 and 17, 2026, aims to refine the ledger's uncollateralized lending system, which has yet to receive sufficient validator support for activation.

      The LendingProtocolV1_1 amendment introduces two key changes to the lending framework. Firstly, it establishes closed-ended vaults for fixed-term loans, which will progress through three phases: subscription, investment, and redemption. During the subscription phase, lenders commit capital, which is then utilized for loans in the investment phase and returned during redemption. Secondly, the amendment alters the accounting method for these vaults to a cash basis, meaning interest is only recorded once a borrower makes a payment, rather than at the loan's origination.

      Despite the introduction of this patch, the original lending amendments, including LendingProtocol and SingleAssetVault, are still awaiting validator approval. As of October 18-19, 2026, these amendments have garnered between 19 and 21 votes from the approximately 36 trusted validators, falling short of the 29 votes required for activation. In contrast, a separate package, fixCleanup3_4_0, is projected to activate on October 23, 2026, having nearly reached the necessary support threshold. This discrepancy highlights the challenges faced by the lending amendments in gaining consensus among validators.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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