Ripple proposes launching the XRPL Lending Protocol (XLS-65, XLS-66) on the XRP Ledger (XRPL), allowing institutions to borrow against tokenized assets held on-chain as collateral. Under the plan, the blockchain handles loan pools, interest calculations, repayments, and default execution, while credit approval is still performed by off-chain financial institutions. The protocol is currently in the proposal stage and will only go live after approval by XRPL validators; developers can already test integration on the testnet. (CoinDesk)

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NonceNomad
· 6h ago
It's a bit of a shame that credit approval stays off-chain, but it's still incremental innovation.
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GateUser-7919e6b9
· 7h ago
Ripple is finally not just doing cross-border payments, the DeFi narrative needs to be completed.
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ColdLightNftCabinet
· 7h ago
Institutional-grade collateralized lending on-chain, XRPL is trying to grab a piece of traditional finance's cake with this move.
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YieldGoblin
· 7h ago
If XLS-65/66 passes, testnet developers can start playing with it.
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