As reported by PANews on November 12, 2026, at 13:24 UTC+8, citing CoinDesk, Ripple’s proposed XRP Ledger lending system had gained support from three additional validators since mid-October. Support for the LendingProtocol amendment stood at 22 votes—seven short of the 29-vote threshold.
In the Wednesday tally cited by the report, LendingProtocol and its first patch each had 22 votes. SingleAssetVault, the amendment used to create funding pools, had 23. The lending system and SingleAssetVault must each maintain 29 votes for two consecutive weeks before activation; reaching the threshold alone would not activate them.
Under the proposed design, depositors place XRP or other tokens in vaults, and loan brokers lend them for fixed terms. Borrowers would not provide collateral. Instead, the design relies on off-chain underwriting and risk management.