XRPL Lending Proposal Adds Closed-Ended Vault Design To Protocol Plans
Photo: Bitcoinist
TL;DR: Technical documentation for the proposed LendingProtocolV1_1 amendment describes closed-ended vaults with defined subscription and redemption dates on the XRP Ledger. XRP Ledger developers have outlined a more structured approach to lending vaults, adding a design that would let some pools run for a fixed period rather than remain permanently open to deposits and withdrawals. The LendingProtocolV1_1 documentation introduces a VaultKind setting in the VaultCreate transaction. An open-ended vault remains the default, while a second value would identify a closed-ended vault with additional dates controlling when new subscriptions close and when redemption can begin.
Source: Bitcoinist
