XRP Ledger developers are publishing a second amendment to fix flaws in the LendingProtocol proposal before it gains the required 80% validator support for activation. The protocol enables on-chain, fixed-term, uncollateralized loans drawn from pooled funds, relying on first-loss capital to absorb defaults instead of automated collateral. This preemptive approach follows the recent discovery and patching of a critical bug in the ledger’s payment engine that could have allowed an attacker to mint counterfeit XRP.
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