XRP Ledger Repairs Its Lending Protocol Before It Goes Live
Summary
XRP Ledger developers have proposed a second amendment, LendingProtocolV1_1, to fix issues in the new lending protocol before it goes live. The original amendment remains in validator voting, and documentation now requires both amendments so the repaired version can launch directly. XRPL amendments need support from at least 80% of trusted validators over two weeks. The protocol enables fixed-term, uncollateralized loans using off-chain borrower checks and broker-provided first-loss capital, with issuers retaining freeze and clawback controls. The pre-launch patch follows a recently disclosed critical payment-engine bug that could have enabled counterfeit XRP.
