XRP Ledger 3.4.0 upgrade to include Lending Protocol v1.1

  • XRP Ledger activated the fixCleanup3_3_0 amendment for protocol fixes.
  • The amendment activated with 31 affirmative votes from 35 validators.
  • BatchV1_1 has 71.43% support, while PermissionDelegationV1_1 has 51.43% support.

The XRP Ledger activated the fixCleanup3_3_0 amendment with 88.57% consensus, bringing fixes for Single Asset Vaults, the Lending Protocol, automated market makers, the permissioned DEX, Checks and pseudo-accounts. The activation received 31 affirmative validator votes out of 35 after maintaining more than 80% support for the required 14-day period. Lending Protocol v1.1 is due in XRPL 3.4.0 next week, with developers describing lending and Single Asset Vaults as features that will receive continuing updates. BatchV1_1, a replacement for the original Batch amendment that corrects a critical bug, has 71.43% support, while PermissionDelegationV1_1 has reached 51.43% after completing an independent Cantina Security review and XRPL quality-assurance testing. The original lending framework remains subject to separate amendment activation requirements before it can operate on Mainnet.

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