TLDR
- XPMarket voted Yes on XRP Ledger’s XLS-65 and XLS-66 amendments.
- The amendments would add native lending and Single Asset Vaults to XRPL.
- Users could deposit XRP or RLUSD into shared liquidity vaults.
- The XRPL lending proposals underwent audits and an Immunefi Attackathon.
- The SOIL team denied claims of issuer-linked token selling on XRPL.
The XRP Ledger’s proposed native lending upgrade has gained new support after crypto trading platform XPMarket confirmed that it voted in favor of the XLS-65 and XLS-66 amendments, which are designed to bring lending and vault-based yield tools directly to XRPL.
XPMarket said it voted Yes on both amendments and described the proposals as part of the future of XRPL decentralized finance. The platform’s support adds to growing ecosystem attention around efforts to expand XRP Ledger beyond payments and trading into lending, credit, and on-chain yield markets.
The proposed amendments would introduce Single Asset Vaults and a native lending protocol. These features would allow users to deposit one asset, such as XRP or Ripple’s RLUSD stablecoin, into shared liquidity vaults that could be used to provide fixed-term credit to borrowers.
XPMarket Supports XLS-65 and XLS-66 Amendments
XPMarket said the proposed upgrades would help build native decentralized finance infrastructure on the XRP Ledger without relying on outside smart contract platforms. The structure would allow lending activity to settle directly on XRPL, keeping transactions within the network’s existing consensus and settlement environment.
Under the proposed model, depositors would place assets into vaults and may earn yield from borrower activity. Borrowers would then access credit facilities supported by pooled assets, while the system would operate through native XRPL functions rather than external smart contract layers.
The proposal is different from many existing DeFi lending systems, which operate through smart contracts on networks such as Ethereum or other programmable blockchains. XRPL developers have instead focused on building lending features into the ledger’s amendment process.
Support from ecosystem participants such as XPMarket is important because XRP Ledger amendments require validator approval before activation. Growing support from validators, builders, and trading platforms may help the proposals advance, although activation depends on the network’s amendment voting process.
Developers Emphasize Security Testing
The lending amendments have also received attention because developers have described the upgrade as one of the most thoroughly tested changes in XRP Ledger history. RippleX Head of Engineering J. Ayo Akinyele has said the Lending Protocol and Single Asset Vault were developed using a security-first framework.
The proposals have gone through multiple independent security audits and a large-scale Immunefi Attackathon. Reports said the attackathon involved 131 security researchers and generated 455 submissions, including 94 validated findings.
The findings ranged from critical vulnerabilities to informational observations. Developers addressed validated issues before moving the amendments into further testing, according to reports connected to the upgrade process.
The security process has become a major part of the lending push because DeFi protocols have often faced losses from code flaws, oracle problems, liquidity failures, and governance weaknesses. XRPL’s lending proposals are being positioned as an attempt to add credit markets while reducing avoidable technical risk before mainnet activation.
SOIL Controversy Adds Focus to XRPL DeFi Risks
The push for native lending comes as the XRP Ledger community has also been debating allegations tied to SOIL, a yield protocol that recently launched its token on XRPL. An on-chain analyst using the name “Skeptic” alleged that wallets receiving SOIL directly from the issuer sold tokens into XRP liquidity soon after launch.
The analyst said the selling pressure did not appear to come mainly from ordinary holders, but from wallets that had received SOIL from the issuer and then sold into automated market maker liquidity. The post cited several wallet movements, including one wallet that reportedly received about 68,766 SOIL and sold the tokens for roughly 11,457 XRP.
Another wallet allegedly received 17,098 SOIL before selling around 17,998 SOIL for 6,769 XRP, while a third wallet reportedly received 20,000 SOIL and sold about 17,628 SOIL for 6,683 XRP. The analyst said the pattern did not resemble healthy price discovery and claimed XRP users were used as exit liquidity.
The SOIL team denied the allegations. The claims remain based on on-chain analysis and have not been confirmed by a regulator or court.
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