XRP Ledger Bug Fixes Set to Go Live Friday While Lending Feature Still Lacks Votes

A package of bug fixes called fixCleanup3_4_0 is on track to activate on the XRP Ledger around 09:34 UTC on October 23. It had exactly 29 validator votes as of Monday, the minimum needed, and it is nine days into its two week countdown. With no votes to spare, one validator pulling support would restart the clock. Some of the fixes target the lending system Ripple has pitched to banks and payment companies since June, even though that system is not switched on yet.

How XRPL Validator Voting Works

Validators are the independent servers that agree on which transactions count. A rule change needs backing from more than 80% of the 35 validators the network trusts by default, which works out to 29 votes, and that support must hold for two straight weeks.

XRP Ledger Lending Protocol Still Short on Votes

The lending system has 19 votes, and the vaults that would hold lenders’ money are a separate change with 21. Neither has started a countdown, so even if both reached 29 today, lending could not launch before early November. Under the plan, a lender deposits XRP or another token into a vault, and a loan broker lends it out for a fixed term.

What the xrpld 3.4.0 Patch Changes

According to the release notes, the patch also closes a loophole that could let an account permitted only to burn tokens for an issuer create new ones under certain conditions. It further changes how vaults round amounts and how the lending code decides when a loan is late or in default.