XRPL Lending Specs Move Forward As Developers Refine XLS-66
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 functionality.
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