XRP Ledger lending protocol update targets rounding fix
6.8 Tech XRP Ledger's lending protocol update targets repayment rounding issues. The proposal is under review and needs more validator support for activation.
The XRP Ledger's native lending protocol is set for an update to improve how loan repayments are rounded, aiming to eliminate small discrepancies that can build up over time. The proposed LendingProtocolV1_2 amendment, outlined in official GitHub pull requests, would ensure that after each on-time payment, the remaining loan balance matches the repayment schedule exactly, and the final installment aligns with the rounded periodic payment. Technical improvements include moving scheduled-value calculations to a dedicated function for consistent rounding and establishing a floor for zero-interest loans. Comprehensive tests have been conducted across different vault types to ensure reliability. Currently, the amendment is still in development and needs more validator support—standing at 60%, with 21 out of 35 validators in favor, eight short of the activation threshold. The SingleAssetVault amendment has slightly more backing but also falls short. The update aims to make repayments fairer and more accurate, though existing loans may keep rounding differences unless overpaid. The proposal awaits further validator approval before mainnet activation.
