Ripple, the blockchain payments firm, recently unveiled a groundbreaking proposal aimed at enhancing the utility of the XRP Ledger (XRPL). The Native Lending Protocol proposal has been spearheaded by developers Aanchal Malhotra and Vito Tumas. Moreover, it promises to revolutionize decentralized finance (DeFi) capabilities within the ecosystem.
Ripple Announces Native Lending Protocol Proposal For XRPL
The proposed protocol introduces a sophisticated framework for borrowing and lending digital assets directly on the XRPL. Furthermore, it will eliminate the need for intermediaries and fostering financial inclusion, transparency, and efficiency. Moreover, in a post on X Ripple CTO David Schwartz expressed his enthusiasm toward the proposal.
In addition, he highlighted the potential of the protocol to bring new utility to the XRPL. He wrote, “Very excited to see the XRP Ledger Native Lending Protocol proposal up for review and feedback – if passed, this could bring new utility to the
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