XRP Ledger’s Cleanup Has No Votes to Spare: Lending Is Short
Photo: Coindoo
Key Takeaways Cleanup sits at exactly 29 votes. Eight of about 25 fixes concern lending. Closed-ended vaults lock funds while loans run. First-loss capital may absorb little. How XRPL lending would work Lending on XRPL would run through a vault, a broker and borrowers. Depositors put one asset into a Single Asset Vault, a loan broker arranges fixed-term, uncollateralised loans from that pool, and borrowers repay under agreed terms, according to the XRPL lending documentation . The ledger administers the loans, but underwriting happens off-chain, and the current design has no automated on-chain collateral liquidation.
Source: Coindoo
