SOIL Eyes XRP Ledger Integration for Native Lending Protocol

The proposed amendments represent a major shift for the XRP ecosystem. XLS-66 introduces a framework for fixed-term, uncollateralized loans supported by pooled liquidity, while XLS-65 establishes the Single Asset Vault model. This structure allows multiple users to contribute assets into shared vaults, creating a foundation for sophisticated yield-generating products and on-chain credit systems that operate without external dependencies.

In a recent demonstration, SOIL showcased how these vaults function within the Lending DevNet. Participants deposit assets into individual vaults and receive MBT tokens, which serve as on-chain representations of their ownership share. While the current testing environment relies on internal tools—as no public wallet currently supports the DevNet—the presentation illustrated how liquidity providers could monitor their positions and track fund movements through an explorer interface.

This development occurs alongside broader technical refinements on the network. The XRP Ledger Foundation recently deployed version 3.2.0 to address specific numerical and behavioral edge cases identified by the firm Common Prefix. As developers focus on these protocol-level upgrades, market participants are watching the price of XRP closely; the token recently saw a bearish MACD crossover on the four-hour chart, hovering near a critical support zone of $1.