The XRP Ledger Foundation released version 3.0.0 of their core server, rippled, focusing on stability, new features, and enabling a broader protocol direction designed by Ripple’s engineering team.
The upgrade supports XRP Ledger’s planned initiatives, including native lending and institutional DeFi efforts, potentially impacting XRP and related assets with future development in tokenization and privacy.
The XRP Ledger Foundation announced rippled v3.0.0, focusing on feature stability and protocol updates. It introduces Multi-Purpose Tokens and a new API, essential steps toward a lending and DeFi roadmap, according to official sources.
This upgrade involves the XRPL Foundation and Ripple engineers, including Senior Director J. Ayo Akinyele. Their efforts aim to position XRPL for institutional DeFi by introducing a native lending protocol supported by zero-knowledge privacy enhancements.
Institutional Finance Anticipates XRPL Upgrades
The rippled v3.0.0 release could reshape institutional finance, enhancing XRP Ledger’s status in asset tokenization and lending. It is viewed as pivotal for engaging credit markets and supporting stablecoin activities on the XRPL network.
Potential outcomes include institutional interest in native lending on XRPL, promoting decentralized credit pooling. Historical growth trends in DeFi Total Value Locked often follow such protocol advancements, as indicated by past blockchain upgrades.
XRPL’s Strategic Moves in DeFi History
Similar upgrades, like XRPL’s 2.x series, included AMM and NFT enhancements, driving adoption. Such precedents imply that rippled v3.0.0 will enhance liquidity and incentivize DeFi participation, potentially impacting related ecosystems.
Expert analysis suggests this could expand XRPL’s utility in tokenization while securing asset compliance. These strategic moves align with XRPL’s aims for lending and privacy as detailed by key industry players involved in its protocol development.
J. Ayo Akinyele, Senior Director of Engineering, Ripple, “Ripple’s engineering team is preparing a native lending protocol for XRPL Version 3.0.0, which will support decentralized credit and liquidity pooling.” – Ripple Engineering Blog
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