The Ripple ecosystem has taken a firm step toward decentralized finance. This Friday, Vet, a representative of the XRPL Foundation, reported that the amendment for the native lending protocol received a crucial yes-vote from the xpmarket platform. With this backing, developers confirm that the path is cleared for the implementation of the XLS-65 and XLS-66 upgrade packages, which are essential for activating the credit market on the network.
👾 XPMarket has voted YES on XLS-65 and XLS-66!
🚀XPMarket is backing native lending on the XRPL.
These amendments bring Single Asset Vaults and an on-chain Lending Protocol directly to the ledger, unlocking yield, liquidity pools, and credit markets with no external smart… pic.twitter.com/UZi6cSDFtI— xpmarket.com (@xpmarket) June 26, 2026
Unlike the traditional DeFi model based on smart contracts, this proposal from RippleX integrates lending logic directly into Layer 1 of the blockchain. This will enable single-asset vaults to generate yield and an on-chain bond market with uncollateralized loans, resembling the credit desks of traditional finance (TradFi). Currently, the vote stands at 20% consensus (7 out of 35 validators).
For the code to execute at the base level, 28 yes-votes maintained for two weeks are required. While the process actively moves forward thanks to the community’s new security standards, developers are already designing user interfaces for immediate interaction once approved.
Source: https://x.com/xpmarket/status/2070512364278227014
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