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Proposed XRP Ledger Lending Vaults Would Lock Deposits and Carry Risk

(4 hours ago) · 1 source · Summarized by CryptoBipto

A proposal for lending vaults on the XRP Ledger has been put forward that would allow users to deposit assets into vaults for lending purposes. The design would lock deposited funds and expose holders to risks including potential loss of assets. The proposal is still under discussion and has not been implemented.

WHY IT MATTERS

Think of a lending vault like a community savings pool at a bank.

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SOURCES

  • cryptoslate.com

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XRPDeFiXRP LedgerLending ProtocolsGovernance Proposals

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