XRP lending for XRPL via XLS-66 fit unlock $100B wey dey idle capital
Evernorth dem dey prepare to launch native XRP lending for XRP Ledger (XRPL) through the proposed XLS-66 amendment, reports yarn. The plan dey target to unlock up to $100B of idle capital by generating yield directly on-chain.
Key features for the proposal include single-asset XRP vaults, fixed-term and fixed-rate XRP loans, automated on-chain repayments, and zero-knowledge proofs for confidentiality. Traders suppose note the “native” design: e wan avoid bridging or wrapping XRP, wey fit reduce custody and operational risk, and the article say e fit also lessen potential tax wahala when assets dey moved cross-chain.
Timing na the major catalyst. XLS-66 still dey for validator voting and e needs 80% supermajority to activate, so headlines about vote progress fit move XRP sentiment. The article also place this as step beyond existing XRPL yield use-cases (e mention Flare’s earnXRP) by making XRP lending a first-class Ledger function.
As e dey write, XRP dey trade around $1.34–$1.35 (per the article’s CoinMarketCap reference). If XLS-66 activate, native XRP lending on XRPL fit improve liquidity deployment and strengthen the market’s “yield + liquidity” narrative—factors wey fit affect XRP supply/demand expectations.
Bullish
Dis fit fit be one important catalyst because native XRP lending for XRPL fit create new demand wey dey driven by yield for XRP and e go also make liquidity deployment better. But the upgrade never go live yet: XLS-66 still need 80% validator supermajority, so near-term price movement go likely dey react to how voting dey progress and people sentiment rather than on-chain results. If dem approve am, expectations say more institutions go join and operational/custody frictions go reduce (no bridging/wrapping) fit support bullish positioning. The upside na mostly expectation-driven until dem activate am, so the move dey sensitive to headlines more than just technical flows.