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XRPL Lending Protocol Approaches Activation
The XRP Ledger (XRPL) lending framework has reached 22 out of 35 trusted validator votes, moving closer to activation. The amendment, which would allow fixed-term loans without traditional borrower collateral, requires 29 votes from the network's 35 trusted validators to activate. The companion amendment for creating asset pools has 23 votes, while the LendingProtocolV1_1 amendment has 22 votes. The protocol addresses credit risk by employing loan brokers and first-loss capital, and is interdependent with the SingleAssetVault amendment, which has 23 votes.