XRPL Releases xrpld v3.4.0 With New Lending Amendment

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR XRP Ledger server software xrpld v3.4.0 is now available. The release introduces LendingProtocolV1_1. New lending features still require amendment approval before becoming active on-chain. The XRP Ledger has a new server release, and lending is one of the main things developers are preparing for. Version 3.4.0 of xrpld, the reference server implementation for XRP Ledger, was released on September 17. The update introduces two new amendments along with bug fixes and build improvements. The headline addition is LendingProtocolV1_1. Closed-Ended Vaults Come Into View LendingProtocolV1_1 extends the ledger’s existing lending architecture with support for closed-ended vaults and cash-basis accounting. Closed-ended vaults operate across defined phases covering subscription, investment and redemption. Those phases determine when assets can enter the vault, when loans can be originated and when users can redeem their assets. The accounting change is also worth noting. Under cash-basis accounting, interest is recognized when payments actually arrive rather than treating scheduled intere...