XRP Lending Protocol Nears Milestone, 62.86% Potential Remains

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The XRP Ledger lending protocol amendment is currently being voted on. In January, Version 3.1.0 of rippled, the reference server implementation of the XRP Ledger protocol was released, which included single asset vaults and the lending protocol. Advertisement However, the voting for the lending protocol appears to be going on steadily, with only 17.14% gained in consensus, according to XRPScan . This is 62.86% away from the required 80% threshold for an amendment to enter an activation phase. You Might Also Like Mon, 03/02/2026 - 11:59 XRP Ledger Ramps up With 200,000 Spike in Transactions By Arman Shirinyan HOT Stories XRP Has Chance to Break $1.45 Resistance, Peter Brandt Predicts Bitcoin May Not Rally Until After September, +844 Billion SHIB: Shiba Inu Hits 2026 High in Exchange Inflow: Morning Crypto Report Fed, FDIC, and OCC Issue Crucial Clarification on Blockchain-Based Securities The XRP Ledger amendment system uses the consensus process to approve any changes that affect transaction processing on the XRP Ledger. An amendment must receive more than 80% support for two weeks for it to pass. Advertisement In the case of the lending protocol, 62.86% more validator support is required for it to achieve majority. What comes next? Alongside the lending protocol amendment, the XLS-65 specification introduces that a single asset vault is now being watched. The single asset vault is slowly gaining support, currently at 22.85% consensus. A critical bug was recently found in the proposed XRPL Batch amendment, which might explain the seemingly slow voting response for other amendments as they get tested, without being hurried up. Advertisement You Might Also Like Sun, 03/01/2026 - 05:02 XRP Ledger Dev Raises Alert on Fake 'Passes' Scam Targeting Wallets By Tomiwabold Olajide In light of the batch amendment bug, Ripple indicated it was raising the bar for amendment security. According to J. A. Akinyele, RippleX head of engineering, in the longer term, Ripple is working toward formal verification of high-risk components on the ledger. This means proving safety properties for critical components, modeling amendment behavior before activation, standardizing verification requirements for consensus-critical code and integrating formal methods into the XRPL SDLC (from XLS specification to code to testing). The goal is to provide end-to-end assurance that XRPL amendment specifications and code are not only functionally correct but also uphold defined security and safety properties for the ledger. #XRP News #XRP #XRPL #XRP Ledger