According to CoinMeta, the bank-style lending protocol of Ripple is set to be launched on XRP Ledger ( XRPL ). Currently, the LendingProtocolV1_1 amendment of this protocol has received 22 votes (62.86%) in support, with 7 votes still needed to reach the 80% threshold for approval. The nodes of Ripple itself, as well as the University of Waterloo and the University of California, Berkeley, have voted in favor of it. This amendment needs to maintain an 80% support rate for two weeks to officially take effect. The related SingleAssetVault amendment ( XLS-65 ) currently has 23 votes (65.7%), with 6 more votes required. The XLS-65 and XLS-66 standards will eliminate over-margining and enable immediate liquidation, allowing companies to directly apply for fixed-term, unsecured loans on XRPL. Borrowers will undergo offline reviews through loan brokers, and their borrowing records will be recorded in the ledger. Owners of XRP can deposit XRP or stablecoins into a single asset vault and receive shares, with interest paid in cash.