Amendment XLS-66, which introduces a native lending protocol on XRP Ledger, has received 23 affirmative votes from 35 trusted validators. Six additional votes are needed to reach the threshold of 29 validators, after which a mandatory two-week activation period will begin. During this period, at least 80% of validators will need to support the amendment. The system will enable fixed-term loans without excessive collateral, as well as single-asset vaults that pool depositors’ funds. Depositors, loan brokers and borrowers will form the protocol’s three key participants.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
