XRP Ledger builders to test native lending before validator approval

XRPL Commons has announced early access to the XRP Ledger’s proposed native lending tools at its Oct. 24–25 New York hackathon, with more than 400 builders registered for the 36-hour event while validator voting continues. Summary More than 400 builders have registered for the New York event, according to XRPL Commons. Developers will test lending and vault tools before the proposed amendments reach mainnet. Four development tracks offer more than $40,000 in prizes and access to incubation. Activation requires sustained validator support, with no fixed launch date for the lending proposals. XRPL Commons, the Paris-based nonprofit supporting XRP Ledger development, said participants in its AI & Fintech XRPL Hackathon will build lending applications using test versions of XLS-65 and XLS-66. The organization named Ripple, the XRPL Foundation, Mastercard, Amazon Web Services, Ledger and QuickNode as partners backing the event. With the amendments still awaiting approval, the organizer said teams will work in a test environment rather than launch native lending products on the main network. Ripple has already made the proposed protocol available for developers to test. XRP Ledger le...