[Ripple hopes to launch a native lending protocol, and XRP users will make money directly through XRPL]
Recently, RippleX’s head of research Aanchal Malhotra and software engineer Vytautas Vito Tumas proposed an XRPL native lending protocol specification called “XLS-66d”.
This proposal aims to expand XRPL’s DeFi functionality so that users can conduct peer-to-peer crypto asset lending without third-party intervention. The protocol supports fixed-term, series-type loans with preset interest rates and relies on off-chain review and risk management rather than collateral.
Of particular note is that liquidity providers can deposit XRP or other tokens into the loan pool to earn interest, while borrowers negotiate loan terms with the pool agent that manages the loan pool, supporting multiple borrowers and single borrowers. model.
Additionally, the specification was designed to emphasize flexibility and reusability, including scalable protocols and objects that will be available across multiple protocols in the future. The development team specifically introduced three specifications: XLS-64d, XLS-65d and XLS-66d. XLS-65d introduces the concept of a single asset tokenization pool, while XLS-66d is the actual loan protocol specification.
David Schwartz, Ripple’s Chief Technology Officer, expressed strong support for this proposal, believing that it will bring new utility to XRPL and may significantly improve the functionality of the entire ecosystem.
Additionally, the proposal comes shortly after XRPL added an Automated Market Maker (AMM) feature, which allows XRP holders to provide liquidity and earn passive income. Latest data shows that more than 1.8 million XRP is now locked in liquidity pools.
