XRPL XLS-66d Lending Amendment Reaches 71.4% Validator Support
XRP Ledger's XLS-66d amendment for native uncollateralized lending has reached 71.4% validator support, approaching the 80% threshold needed for activation.
Why it matters
The amendment represents a potential shift in XRPL's identity from a payment-focused network to one with broader DeFi functionality, though it has not yet met the activation threshold.
Key facts
XLS-66d lending amendment has reached 71.4% validator support
71.4 %Reported by Bitcoinist
80% validator consensus is required for amendment activation
80 %Reported by Bitcoinist
Amendment would introduce native uncollateralized lending primitives to XRPL
Reported by Bitcoinist
What happened
Bitcoinist reported that the XRP Ledger's XLS-66d lending amendment has reached 71.4% validator support, moving closer to the 80% consensus threshold required for activation. According to the report, XRPL amendments require sustained validator support at 80% for 14 days before going live. The amendment would introduce native uncollateralized lending primitives to the XRP Ledger. If activated, it could expand XRPL's DeFi capabilities beyond its traditional focus on payments and settlement.
How the story developed
- First report
First report by Bitcoinist
XRPL Lending Amendment Moves Closer To 80% Validator Threshold
- Update
XLS-66d amendment reaches 71.4% validator support
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoinist Crypto media | XRPL Lending Amendment Moves Closer To 80% Validator Threshold | Original |
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