XRPL Lending Specs Move Forward As Developers Refine XLS-66

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP Ledger developers are refining XLS-66, a proposed standard for native lending on XRPL, and it could become one of the network’s more important DeFi-style upgrades if the specification keeps moving forward. The proposal describes on-chain, fixed-term, uncollateralized lending using Single Asset Vaults. It also relies on off-chain underwriting by loan brokers, with on-chain settlement handled through XRPL infrastructure. That mix is important. This is not a simple “anyone borrows from anyone” DeFi lending pool in the style of fully collateralized Ethereum money markets. It is a more structured lending design that combines off-chain credit assessment with on-chain execution. The feature is still in standards review and code testing. It is not live lending on XRP Ledger mainnet. TL;DR XRP Ledger developers are refining XLS-66 for native lending. The design uses Single Asset Vaults and off-chain loan broker underwriting. The feature is not live on mainnet yet. XRPL Is Moving Beyond Payments The XRP Ledger has long been associated with payments, fast settlement, and exchange functional...