The LendingProtocolV1_1 lending protocol is under consideration by XRP Ledger validators. This proposal introduces fixed-term lending vaults and cash-basis interest accounting. Unlike current vaults allowing entry and exit at any time, new closed-ended vaults would close their subscription window after a fixed period, preventing any new token minting during investment and redemption phases. Interest accounting would recognize revenue only when the borrower actually makes payment rather than at loan origination. The vote requires over 80% support from trusted validators for two weeks, and all three amendments must be approved before lending launches on mainnet.
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