Ripple's XRP Ledger Lending Protocol Clears Re-Audit with No Critical Flaws

Ripple's XRP Ledger Lending Protocol has undergone a thorough re-audit by Web3 security firm Halborn, and the results are reassuring. The audit covered code changes related to fixed-term loans and Single Asset Vaults on XRPL.

Halborn found no critical or high-risk flaws in the protocol, which is designed to support on-chain, fixed-term, uncollateralized loans using pooled funds from a Single Asset Vault. The review focused on code changes made after an earlier audit and tested whether the updated design matched the XLS-0066d lending specification.

The re-audit found five issues in total, but none were critical or high-risk. Halborn listed one medium issue, two low-risk issues, and two informational findings. Ripple addressed all reported findings, with some issues solved by their engineering team and others accepted or acknowledged after review.