XRP's Native Lending Protocol Clears Security Audit, Validators Next Step

XRP's native lending protocol has cleared a major hurdle after passing a security re-audit with flying colors. The audit, conducted by Halborn, found no critical or high-risk issues, paving the way for the protocol to be integrated into the XRP Ledger.

The protocol is tied to two key amendments, XLS-65 and XLS-66, which would enable lending and savings-style features directly on the ledger. This would mark a significant shift for XRPL, moving from a fast and reliable payments rail to a full-fledged DeFi contender.

SOIL, a project already gearing up to launch on the new XRPL Lending Protocol, is set to be the first app with full-fledged savings functionality. The company has teased a regulated yield product and aims to move quickly once the amendments go live.