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The XRP Ledger Lending Amendment received 22 votes in favor, falling 7 votes short of the approval threshold.

Nov 12, 13:22

On November 12 that, according to CoinDesk, Ripple’s XRP Ledger lending system for banks and payment companies has gained additional validator support. As of Wednesday, the lending amendment and its first patch each received 22 votes, an increase of 3 votes from the 19 votes recorded on October 19.

The SingleAssetVault amendment, which provides liquidity pools for lending, received 23 votes. Both features must secure at least 29 votes from the 35 validators on the default list for two consecutive weeks to be enabled. The system is intended to allow lenders to deposit XRP or other tokens into vaults, with loan brokers issuing fixed-term loans without requiring borrowers to provide collateral.

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