Ripple Transforms Finance: XRP Lending Protocol Revolutionizes DeFi скачать в хорошем качестве

Ripple Transforms Finance: XRP Lending Protocol Revolutionizes DeFi

Learn more: https://www.crypto-news-flash.com/xrp... Ripple is expanding into decentralized finance (DeFi) with a new lending protocol on the XRP Ledger, aimed at increasing financial inclusivity and transparency. This initiative, known as proposal 0066 XLS—66d, is currently open for public review on GitHub. The protocol introduces a direct lending and borrowing mechanism, enabling users to contribute tokens like XRP, wBTC, and wETH to a lending pool to earn interest. It features flexible, reusable components with the potential for off-chain negotiation and on-chain recording of loan terms, enhancing user engagement and security. RippleX emphasizes the protocol's modular design and its ease of integration, making it a significant tool for blockchain developers looking to create lending decentralized applications (dApps) on the XRP Ledger. Ripple's Chief Technology Officer, David Schwartz, highlighted the protocol's potential to introduce a new utility layer to the XRPL without alienating traditional financial entities. However, there is acknowledgment that some companies may hesitate to engage with an unregulated lending product. This lending protocol, alongside recent developments like Automated Market Maker (AMM) pools and plans for a fully-backed US dollar stablecoin, marks a significant stride in Ripple's ongoing efforts to enrich its ecosystem.