XRP Ledger Ships xrpld 3.4.0 with New Lending Protocol Amendments
RippleX has shipped xrpld version 3.4.0 for the XRP Ledger, introducing the LendingProtocolV1_1 and fixCleanup3_4_0 amendments. These updates extend the network's native lending features with closed-ended vaults and cash-basis accounting to enhance structure and risk transparency for lending protocols.
RippleX has shipped xrpld version 3.4.0 for the XRP Ledger.
The version introduces the LendingProtocolV1_1 and fixCleanup3_4_0 amendments.
LendingProtocolV1_1 adds closed-ended vaults and cash-basis accounting.
The changes aim to enhance structure and risk transparency for lending protocols.
Story
The XRP Ledger continues its development to expand its decentralized finance (DeFi) capabilities. RippleX, the team behind the XRP Ledger's reference server software, has shipped xrpld version 3.4.0. This version introduces two new amendments: LendingProtocolV1_1 and fixCleanup3_4_0. The LendingProtocolV1_1 amendment is the headline change, extending the existing LendingProtocol with closed-ended vaults. These vaults define clear phases for subscription, investment, and redemption of assets, creating a more structured environment for lenders and borrowers. Furthermore, vault accounting shifts to a cash basis, meaning interest is recognized as income only when payments are actually made. This reduces the risk of a lending protocol overstating earnings before cash arrives. The amendments require validator voting for activation. These continuous updates signal that native DeFi tooling on the XRP Ledger remains an active development priority, increasing the potential for broader adoption and utilization of the ecosystem.
Issue context
The crypto market demonstrates resilience as Bitcoin has surpassed the $80,000 mark. This occurs despite the U.S. Senate's failure to advance the CLARITY Act. Meanwhile, the Commodity Futures Trading Commission (CFTC) is pushing ahead with its own regulatory efforts, having submitted a crypto market structure rulemaking draft to the White House for review on September 17, 2026. These developments suggest the market is absorbing regulatory uncertainties and adapting to existing or new frameworks. In parallel, crypto ETFs, particularly for Zcash and Ethereum, are recording significant capital inflows, indicating growing institutional interest. The momentum in Ethereum derivatives and the technical patterns observed in XRP also signal heightened activity and potential price movements.
Current market movements indicate that capital continues to flow into the crypto space despite regulatory uncertainties. Pay attention to the confirmation of technical patterns and the impact of protocol upgrades, as these can lead to increased volatility. Your risk tolerance should form the basis of any decision.
Market pulse
Fear & Greed
71
Greed
BTC Funding
+0.0066%
20 perp markets · OI $59.2B
BTC Open Interest
$59.2B
Top venue Binance (Futures) · 24h vol $102.5B · basis +0.023%
ETH Funding
+0.0067%
20 perp markets · OI $41.2B
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.