XRP Ledger DeFi Native Lending Protocol is LIVE? Earn Passive Income? скачать в хорошем качестве

XRP Ledger DeFi Native Lending Protocol is LIVE? Earn Passive Income?

The XRP Ledger (XRPL) is stepping into a new era of decentralized finance (DeFi) with the XLS-66d native lending protocol, which is now LIVE on mainnet as of September 30, 2024 !. This groundbreaking protocol brings uncollateralized, fixed-term, interest-accruing loans directly to the XRPL's consensus layer, offering unparalleled efficiency and transparency. Discover how XRP holders can earn passive income as liquidity providers by depositing XRP or other fungible tokens into lending pools. Each borrower payment includes interest, which is distributed proportionally back to liquidity providers. More sophisticated participants can become Pool Delegates*, managing lending pools, attracting liquidity, and conducting off-chain underwriting, earning significant fees like origination, service, payment, late, and management fees. We also cover how borrowers can access capital *without requiring on-chain collateral through off-chain negotiations with Pool Delegates. The protocol supports flexible payment options, including second-based payment resolution. XLS-66d builds on a sophisticated three-specification architecture*: *XLS-64d introduces pseudo-account functionality for managing complex financial relationships and vault operations, and XLS-65d establishes Single Asset Vaults for efficient asset aggregation and pooled liquidity management. This modular design ensures that components can be reused across various future XRPL DeFi applications. It also incorporates a First-Loss Capital protection scheme where Pool Delegates deposit funds to absorb initial losses from defaults, safeguarding depositors. This revolutionary approach, combined with compliance features like asset freezing and clawback for non-XRP assets, positions XLS-66d as a major catalyst for DeFi adoption on XRPL. This is a game-changer for XRP utility! 🔔 Please subscribe for more XRPL DeFi updates and insights! Disclaimer : Brad and Monica are personas to make our content more engaging and relatable. Not legal and financial advice. Do your own research before making any investment decisions. The information provided is for educational purposes only.