Validators on the XRP Ledger are voting on two amendments that could materially expand what XRPL does at the protocol level. If XLS-65 and XLS-66 are approved, the network would gain native on-chain lending for the first time, pushing XRPL beyond payments into credit-market infrastructure.
One amendment builds vaults, the other adds lending
XLS-65, called SingleAssetVault, introduces a pooled-liquidity framework. Under that structure, multiple depositors can place funds into isolated vaults, with each vault holding a single asset such as XRP or RLUSD. XLS-66, the LendingProtocol, sits on top of that layer and enables fixed-term, uncollateralized loans issued at the protocol level, while credit assessment is handled through off-chain underwriting rather than smart contracts.
Combined, the two proposals would turn XRPL into more than a payment and settlement network. They would add a native credit layer.
Live vote counts are still far from the requirement
According to XRPScan live data, XLS-65 currently has 8 validators voting yes, equal to 22.86% consensus. XLS-66 has 7 validators in favor, or 20%. For activation, each amendment needs approval from 28 of 35 trusted validators and must hold that level for two consecutive weeks.
That leaves both proposals well short of the 80% threshold. The vote remains open and support is still climbing, but neither amendment is close to activation yet.
RippleX frames XRPL as a broader capital stack
Speaking at XRP Tokyo, RippleX Head of Engineering Akinyele said payments were never the full story for XRPL. He described the larger opportunity as enabling a complete capital life cycle on the ledger, including issuance, trading, collateral, and credit.
He also argued that XRPL’s features are native to the protocol and accessible through relatively simple APIs, without requiring smart-contract expertise. For institutions building financial products on-chain, that setup reduces the amount of blockchain-specific infrastructure work needed before product development can begin.
Xaman points to demand from self-custody users seeking yield
Xaman COO Robert Kiuru said the wallet has more than 1 million users managing billions of XRP in self-custody. In his view, those users are not primarily looking to sell their holdings. The next demand signal showing up in Xaman’s data is a search for yield on XRP.
That is where the lending proposal fits. Anodos co-founder Panos Mekras described a consumer-facing model in which the underlying technology becomes largely invisible, allowing users to access yield products and banking services without needing to think about XRPL itself.
For now, the pace of that transition depends on validator support. Whether the vote can reach 80% in the coming weeks will determine how soon native lending on XRPL can move from proposal stage to live use.