TechFlow reports that on June 29, Ripple launched the XRPL lending protocol, aimed at providing lending and credit infrastructure for on-chain assets. The protocol adopts a design approach of "off-chain credit assessment, on-chain standardized execution," consisting of two parts: a single-asset vault and a lending protocol, used to organize liquidity and issue loans, calculate interest, repayments, and handle defaults according to agreed terms.
Ripple stated that this solution is targeted at institutional use cases and can support financing activities around on-chain assets such as stablecoins, government bonds, and money market funds. Currently, the relevant proposals are XLS-65 and XLS-66 respectively, and still require approval from validators.
