Ripple Hits 'Yes' Twice: XRPL Eyes Vaults and a Lending Protocol Makeover 🏦

Ripple has cast its validator vote in favor of two XRP Ledger amendments — Single Asset Vault (XLS-65) and Lending Protocol (XLS-66) — moving each proposal closer to activation on the network. The amendments are designed to introduce on-chain credit and lending infrastructure, expanding decentralized finance and tokenization capabilities across the ledger.

Following the latest tally, the Single Asset Vault (XLS-65) amendment has reached 40% consensus in favor, while the Lending Protocol (XLS-66) amendment has surpassed 37% support. Both amendments remain open to validator voting and must reach the network's required threshold before they can be enabled. Once activated, the features are expected to support XRP, Ripple's RLUSD stablecoin and other crypto assets within vault structures, alongside fixed-term credit and institutional lending functionality.

The proposed changes aim to bring native vault and lending primitives to the XRP Ledger without reliance on external smart contracts. Proponents of the amendments have described them as foundational additions that would allow users to deposit assets into single-asset vaults and access standardized lending markets directly on-chain.

Ripple, which operates as a key validator on the network, has not indicated a timeline for when the amendments could reach the consensus threshold required for activation. Validator votes will continue to be tallied in real time, with the broader XRPL community — including developers, exchanges and institutional participants — able to review and cast ballots through standard governance channels.

The push for lending and vault infrastructure comes as the XRP Ledger has prioritized DeFi expansion and tokenization use cases, including support for real-world assets and stablecoin settlement. Both XLS-65 and XLS-66 were formally introduced as proposed amendments and have progressed through community review prior to the current validator voting phase.