Revolutionizing Lending: XRP Ledger (XRP) Sets Unprecedented Standards in Crypto Industry
- RippleX developers have announced a proposal for a native lending protocol, XLS-66d, on the XRP Ledger.
- The protocol aims to revolutionize blockchain lending through its decentralized, protocol-native approach.
- The lending protocol will allow liquidity providers to contribute XRP or other fungible tokens into a lending pool, earning interest.
RippleX developers propose a native lending protocol, XLS-66d, on the XRP Ledger, aiming to revolutionize blockchain lending with a decentralized, protocol-native approach.
RippleX Unveils Game-Changing Lending Protocol Proposal
RippleX developers have announced a groundbreaking proposal for a native lending protocol, codenamed XLS-66d, on the XRP Ledger. The proposal lays the foundation for a robust, decentralized lending protocol that aims to revolutionize how lending takes place on the blockchain.
Key Features of the Proposed Lending Protocol
The proposed lending protocol, XLS-66d, establishes mechanisms for fixed-term, interest-accruing loans pooled from collective funds that do not require on-chain collateral. This strategy secures the protocol using off-chain underwriting and risk management, as well as a First-Loss Capital protection plan. The protocol will allow for easy lending, with terms agreed upon directly by the borrower and the le... Read the full article for FREE at COINOTAG!
