News report ₿ Crypto 🌍 GLOBAL

Ripple Lending Protocol Gains 22 Validator Votes on XRP Ledger

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.

🕐 1 min read

1 assets impacted (Crypto). Net bias: 1 Bullish, 0 Bearish, 0 Neutral. Strongest signal: XRP ↑ 2/10 (50% confidence).

📊 Affected Assets (1)

XRP
Bullish 🤖 50%
📆 Mid-term 🌍 GLOBAL · Explicit

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.

Catalysts
  • ▲ LendingProtocol votes up from 19 (Oct. 19) to 22 (Nov. 10); SingleAssetVault at 23, needing six more
  • ▲ Cleanup fix went live Nov. 4; developers preparing a further lending amendment (PR #8685)
Risk Factors
  • ▼ Amendment needs 29 of 35 validators for two consecutive weeks; the count has not moved since Tuesday
  • ▼ Depositors rely entirely on brokers' off-chain underwriting and first-loss capital, with no borrower collateral, which could limit adoption

🧭 Full analysis of these assets

🎯 Key Takeaways

  • The LendingProtocol amendment reached 22 votes as of Nov. 10, up from 19 on Oct. 19.
  • The SingleAssetVault amendment currently holds 23 votes, requiring six additional votes to reach the 29-vote threshold.
  • Activation requires both amendments to hold 29 of 35 validator votes for two consecutive weeks.
  • A cleanup fix for the lending code went live on Nov. 4 at ledger 108,112,129.

📝 Executive Summary

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.

❓ FAQ

Is the XRP Ledger lending system live yet?

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.

What would the lending system do?

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.