2024

DeFi

April

Coin

<ul class="news-points"> 
 <li><strong>RippleX developers introduce a Native Lending Protocol for the XRP Ledger.</strong></li> 
 <li><strong>The protocol enables direct borrowing and lending of digital assets on XRPL.</strong></li> 
 <li><strong>Ripple CTO expresses excitement over the proposal, highlighting its potential to enhance the XRP ecosystem.</strong></li> 
</ul> 
<p>The XRP Ledger (XRPL) is set to welcome more DeFi capabilities as RippleX developers Aanchal Malhotra and Vito Tumas have <a href="https://github.com/XRPLF/XRPL-Standards/discussions/190" target="_blank" rel="nofollow">proposed</a> a Native Lending Protocol on XRPL.&nbsp; RippleX called attention to this development in a recent post on X.&nbsp;</p> 
<p>Notably, this proposed protocol seeks to enable direct borrowing and lending of digital assets on XRPL. The report noted that the system promises to enhance financial inclusivity, transparency, and efficiency by eliminating unnecessary intermediaries.</p> 
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   <p lang="en" dir="ltr">1/ Today, devs <a href="https://twitter.com/aanchalmalhotre?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@aanchalmalhotre</a> and Vito Tumas introduced a proposal for a Native Lending Protocol on the XRP Ledger that would further expand its DeFi capabilities. Let's break down what this means for the ecosystem <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— RippleX (@RippleXDev) <a href="https://twitter.com/RippleXDev/status/1778913021730963581?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 12, 2024</a>
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<p>The proposal features a modular design that promotes flexibility and reusability, with three key specifications: XLS-64d, XLS-65d, and XLS-66d.</p> 
<p>XLS-64d introduces…</p>
<p>The post <a href="https://coinedition.com/ripple-cto-delighted-as-devs-propose-game-changing-native-lending-protocol-for-xrpl/">Ripple CTO Delighted as Devs Propose Game-Changing Native Lending Protocol for XRPL</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Ripple CTO Delighted as Devs Propose Game-Changing Native Lending Protocol for XRPL

Coin Edition

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