Ripple engineer Edward Hennis revealed how the XRPL lending protocol could boost XRP utility, offering institutional-grade yield to holders. The protocol, distinct from native crypto lending, will benefit RLUSD as well. Each loan in the protocol will sit in its own Single Asset Vault, minimizing risk. Market makers, payment service providers, and fintech lenders can leverage the protocol. XRP holders can lend to generate yield once the protocol launches, expected after relevant amendments enter validator voting in late January. The upcoming Lending Protocol on XRPL is described as a “liquidity pump” by XRPL validator Vet, enabling sophisticated DeFi strategies and benefiting institutions like digital asset treasuries and payment service providers. Retail investors will also have access to participate in the protocol. This move is anticipated to enhance the utility of XRP and RLUSD. Additionally, XRP recently launched on Solana through wXRP on Hex Trust.

Read more at Yahoo Finance: XRP Holders Eye ‘Institutional Grade Yield’ as Ripple Engineer Details Upcoming XRPL Lending Protocol