Ripple's lending protocol and vault amendment have reached 22 and 23 validator votes respectively, inching toward the 29-vote threshold needed to initiate a two-week countdown for network activation.
Support for the XRP Ledger lending amendment rose from 19 to 22 of the 29 validator votes needed, with the vault amendment at 23 of 29. Steady progress toward a feature pitched at banks and payment companies is a mild positive for XRP, but approval is not assured — seven votes are still missing and a two-week countdown only starts once both amendments hold 29.
Ripple's proposed lending system for the XRP Ledger has reached 22 validator votes, moving closer to the 29 required for activation. The protocol, designed to facilitate fixed-term loans for payment firms, requires both the lending amendment and the SingleAssetVault amendment to maintain 29 votes for two consecutive weeks before launching.
No. It and the required vault amendment each need 29 of 35 validator votes held for two consecutive weeks; the lending amendment stands at 22 and the vault at 23.
It would let lenders deposit XRP or other tokens into vaults so brokers can issue fixed-term loans without borrower collateral, aimed at payment firms needing cash while cross-border settlements clear.