Native lending on the XRP Ledger.

On June 23, SOIL, a regulated yield protocol, said it is preparing to be the first app to use the XRP Ledger's proposed lending system, pending two amendments the network is now voting on.

The amendments build lending into the base network itself. One creates a shared vault, a pool where many users deposit the same asset and each receives a token tracking their share. The other lets that pooled money fund fixed-term loans. Today, most on-chain lending runs on separate smart contracts layered on top of a chain.

That layer is where much of DeFi's losses come from. Pools get drained, approvals get abused, flawed contracts slip past audits. Moving the logic into the ledger's own rules means fewer separate programs to exploit, and one codebase the validators maintain instead of each team writing its own.