$XRP Development activity on the XRP Ledger continues to accelerate as key ecosystem participants push for new functionality that could expand the network’s financial use cases.
According to XRPL validator Vet, the introduction of XLS-65 and XLS-66 could pave the way for native lending and yield-generating products on the XRP Ledger, marking another step in the platform’s ongoing evolution.
Sharing his view on the proposed amendments, Vet tweeted, “Native Loans and Yield protocol on the XRP Ledger with XLS-66 and XLS-65” are on the horizon. He added that XRP Ledger builders have continued working throughout the market cycle, emphasizing that the latest developments represent “only the beginning.”
His comments accompanied a post from SOIL, a project preparing to build on the upcoming XRPL lending infrastructure.
👉First Application Using XRPL Lending Protocol
In its announcement, SOIL revealed plans to become the first application to utilize both the XRPL Lending Protocol and Savings (SAV) functionality enabled by XLS-65 and XLS-66.
The team stated that the two amendments would unlock a new generation of lending and yield products directly on the XRP Ledger. According to SOIL, the features would allow developers to create financial applications natively within the XRPL ecosystem rather than relying on external solutions.
SOIL also expressed its desire to see the amendments activated as soon as possible and shared a preview of what users can expect once the technology becomes available. While the company did not disclose extensive details, it indicated that additional information would be released in the near future.
The announcement highlights growing interest among developers seeking to expand the XRP Ledger’s decentralized finance capabilities. Supporters of the amendments believe they could introduce new opportunities for borrowing, lending, and earning yield while maintaining the XRPL network’s efficiency.
👉Validator Approval Remains the Final Step
Following Vet’s post, community members sought clarification regarding the timeline for activation. Tyler Pender asked when XLS-65 and XLS-66 would finally go live on the XRP Ledger.
Responding to the question, Vet explained that the decision ultimately rests with validators. He stated that activation would occur when validators determine that the amendments are safe for deployment on the mainnet.
His response underscores the XRP Ledger’s governance process, where proposed amendments require broad validator support before becoming active. The process is designed to ensure that new features are thoroughly reviewed and tested before they are introduced to the live network.
Another community member, VectorWear, commented on the growing utility being built on XRPL and questioned when mass adoption would follow. While Vet did not provide a direct answer to that question, his original remarks suggested confidence that continued development and infrastructure improvements are laying the groundwork for broader usage in the future.
As interest in decentralized finance applications on the XRP Ledger continues to grow, projects such as SOIL are positioning themselves to leverage the upcoming protocol enhancements once validators approve their activation.
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