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XLS-66d native lending in validator voting

Lending on the XRP Ledger

Native lending is coming to the XRP Ledger via two amendments currently in validator voting. No smart contracts — the protocol itself will let you deposit XRP into a vault, have a "loan broker" lend it out against collateral, and earn yield. This page is built and ready; the broker table will switch to live data the moment the amendments activate.

Amendment status

Amendment status · live
LendingProtocol
votingWhat does "voting" mean?At least one validator has this amendment enabled, but it hasn't crossed the 80% threshold for 2 weeks. Once it does, it auto-activates network-wide — no human deploys it.
565B90CA1AB2B9D42208ED10884188C6…
The broker/loan layer. Defines how borrowers take loans from vault deposits, how interest accrues, and how defaults are handled.
SingleAssetVault
votingWhat does "voting" mean?At least one validator has this amendment enabled, but it hasn't crossed the 80% threshold for 2 weeks. Once it does, it auto-activates network-wide — no human deploys it.
81BD2619B6B3C8625AC5D0BC01DE17F0…
The deposit primitive. A vault holds a single asset (e.g. XRP) deposited by many users, and is what loan brokers borrow from.
Both amendments must activate before native lending goes live. The public node exposes whether the network supports each amendment, but per-validator vote tallies are admin-only — for the live vote count check xrplf.org/amendment-tracker ↗.

How XRPL lending will work

Step 1
You deposit
You put XRP (or another supported asset) into a vault. The vault is a shared pool — your deposit sits alongside other lenders'.
Step 2
A broker lends it out
Loan brokers — likely regulated entities early on, though the protocol itself doesn't gate participation — take loans against collateral from the vault. They pay interest back to depositors.
Step 3
You earn yield
Interest flows back to the vault. You can withdraw your deposit plus accrued yield, subject to the broker's loan book staying healthy.
Risk reminder. Lending is not free yield. If a borrower defaults and collateral doesn't cover the loss, depositors absorb it. This is fundamentally different from AMM pools, which earn fees from trades.

Loan Broker Board

switches on when both amendments activate
Awaiting amendment activation
The moment both amendments above flip to activated, this table will populate live from the XRPL — every active loan broker, ranked by vault TVL, with current APY, default rate, and depositor count.
Broker Vault TVL APY Default rate Depositors
Waiting for LendingProtocol + SingleAssetVault activation

Learn more

XLS-66d spec ↗ Live amendment vote tracker ↗ Compare: AMM pools → Methodology →