XRPL Releases xrpld v3. 4. 0 With New Lending Amendment
TheXRPLedger has a new server release, andlendingis one of the main things developers are preparing for.
Version3. 4. 0 ofxrpld, the reference server implementation forXRPLedger, was released on September 17.
The update introduces two new amendments along with bug fixes and build improvements.
The headline addition is Lending ProtocolV1_1.
Lending ProtocolV1_1 extends the ledger’s existing lending architecture with support for closed-ended vaults and cash-basis accounting.
Closed-ended vaults operate across defined phases covering subscription, investment and redemption.
Those phases determine when assets can enter the vault, when loans can be originated and when users can redeem their assets.
The accounting change is also worth noting.
Under cash-basis accounting, interest is recognized when payments actually arrive rather than treating scheduled interest as income immediately when a loan originates.
That may sound like an accounting detail, but foron-chaincredit markets it changes how the vault represents what has genuinely been earned.
There is one important distinction for XRP holders.
Shipping a newxrpldversion does not automatically activate every feature included in it.
출처: Bitcoinist