XRP Ledger has welcomed new updates
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The specification introduces a new vault ledger entry, which contains key details such as available assets, shares, total vault value and other relevant information.The newly launched"XLS-66d: Lending Protocol" enacts an update to align with the new vault changes, eliminating the need for separate deposit and redemption processes and significantly streamlining the process.
The lending lrotocol uses the vault on-chain object to provision assets from one or more depositors. A loan broker is in charge of managing the lending protocol and the related vault. The vault owner and loan broker must share the same account, though this may change in the future.In its compliance-first drive, RippleX noted that both the vault and lending protocol updates address clawback and freezing requirements, making them simpler and easier to use.
Over the weekend, amendments fixPreviousTxnID and fixEmptyDID were enabled on the XRPL mainnet. These amendments fix the behavior of ledger objects and the upcoming DID support, respectively.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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