Update
XRP Ledger Developers Release Pre-Launch Patch for Proposed Lending Protocol
Developers on the XRP Ledger have published a follow-up code amendment, LendingProtocolV1_1, to repair the network's proposed lending feature before its release. The protocol enables on-chain, fixed-term, uncollateralized loans drawn from pooled funds and uses off-chain underwriting to vet borrowers. Proposed amendments require support from at least 80% of trusted validators over a two-week period before activating on the network. Releasing the follow-up code while in the approval queue avoids launching a known-flawed system on the live blockchain.