XRP Ledger developers published LendingProtocolV1_1 in xrpld version 3.4.0, released between September 16-17, 2026. This update introduces closed-ended vaults with three distinct phases (subscription, investment and redemption) and changes accounting so that interest is only recorded once actually paid. Three lending-related amendments (LendingProtocol, SingleAssetVault and V1_1) currently await between 19 and 21 validator votes, while the required activation threshold stands at approximately 29 votes, representing 80% of the roughly 36 trusted validators. The fixCleanup3_4_0 package, meanwhile, is projected to activate on October 23, 2026, demonstrating that the network can reach the 80% threshold when consensus exists.
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