Update
XRP Lending Vaults Proposed Changes
Proposed fixed-term XRP lending vaults would block withdrawals during the investment period while borrowers could use the loaned coins. Under Ripple's proposed V1.1 transaction rules, newly created loan brokers would have to attach to closed-ended vaults, leaving depositors with shares exposed to borrower repayments. XRPL’s design uses fixed-term, uncollateralized loans and off-chain underwriting, exposing holders to borrowers' ability to repay and the broker's credit decisions.