Developers have released LendingProtocolV1_1, a patch for the XRP Ledger's uncollateralized lending system, included in the xrpld 3.4.0 version released between September 16 and 17, 2026.
The update introduces closed-ended vaults for fixed-term loans, which operate through subscription, investment, and redemption phases. Additionally, it shifts accounting to a cash basis, where interest is recorded only upon payment.
The patch refines the pending LendingProtocol and SingleAssetVault amendments. As of October 18-19, 2026, these three components have secured 19-21 votes from approximately 36 trusted validators.
Activation of these amendments requires sustained support from 80% of validators, or about 29 votes. Currently, there is no confirmed activation date for the lending framework.
