As reported by ChainCatcher on November 12, 2026, at 13:25 (UTC+8), citing CoinDesk, Ripple’s proposed XRP Ledger lending system had gained support from three more validators since mid-October, bringing its vote count to 22. Activation requires 29 votes sustained for two consecutive weeks, so it remained seven votes short of that threshold.
The voting covers separate amendments. As of the Wednesday referenced in the report, LendingProtocol and its first patch each had 22 votes; SingleAssetVault, which would enable funding pools, had 23. The lending system and SingleAssetVault each need to meet the 29-vote, two-week requirement to activate.
Under the proposed design, depositors would place XRP or other tokens in a vault. Loan brokers would lend them for fixed terms without requiring borrowers to provide collateral. Instead, the system would rely on off-chain underwriting and risk management. Developers were still working on the proposal before voting concluded: a November 4 code merge request planned to add a third lending amendment.