XRP News: XRPL Lending Protocol Clears Security Audit amid v3.2.0 Amendment Voting

Varinder Singh
Varinder Singh

Varinder Singh

Independent Sr. Journalist
Expertise : Bitcoin, Crypto, Global Macro, DeFi, Blockchain, Web3, US Stocks, AI, Regulations and Lawsuits, & More
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.
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XRP News: XRPL Lending Protocol Clears Security Audit amid v3.2.0 Amendment Voting

Highlights

  • XRPL Lending Protocol re-audit by Halborn revealed no critical issues, boosting security confidence.
  • The audit brought by Ripple targeted security and safety amid growing crypto adoption by tradFi.
  • FixCleanup amendment in 3.2.0 upgrade reached 30% as validators vote to support the update.

In the latest XRP news, the XRPL Lending Protocol has successfully cleared a re-audit by Halborn Security, as Ripple boosts security confidence on the XRP Ledger amid tradFi push. The development comes amid active validator voting on the amendment in the v3.2.0 upgrade.

XRPL Lending Protocol Re-Audit Brought by Ripple Delivers Clean Results

Halborn has completed XRP Ledger (XRPL) Lending Protocol re-audit for Ripple after significant code changes, the blockchain security firm revealed in an X post. The audit found no critical issues, with all reported findings fully addressed by the XLS-66 developers.

The protocol, built on the XLS-66 standard, is a “DeFi primitive that enables on-chain, fixed-term, uncollateralized loans using pooled funds from a Single Asset Vault.”

Notably, the re-audit included verifying transaction validation logic, ensuring state consistency and accounting accuracy, checking parameter validation and access controls, and identifying any discrepancies. Meanwhile, the XRP community reacted positively to the news as it could boost institutional interest in the network.

XRP Ledger (XRPL) Lending Protocol Audit Results
XRP Ledger (XRPL) Lending Protocol Audit Results. Source: Halborn

XRP Ledger Foundation contributor and dUNL validator Vet said, “I think we arriving at a very healthy tune of security and use case development on the XRP Ledger.” “It’s not a one-time effort, it really is a new framework of how to evolve the XRP Ledger while keeping security and safety up,” he added.

In recent XRP news, XRPL joined forces with Common Prefix to boost security standards. This comes as Ripple revealed that tradFi companies approached the firm regarding DeFi, tokenization, payments, and other use cases.

XRP Ledger v3.2.0 Amendment Voting Advances amid Audit News

The Lending Protocol news delivered a major boost to security confidence on the XRP Ledger. The fixCleanup3_2_0 amendment voting moved ahead, amid rising support from validators.

As CoinGape reported earlier, Ripple voted in favor of the amendment introduced in XRP Ledger (XRPL) 3.2.0 upgrade. Currently, it has received 14.29% votes in favor, with others yet to vote ahead of the mainnet activation.

However, the latest re-audit news has led to 30% nodes updated with the latest XRP Ledger release. However, validators and operators are required to upgrade before full activation and avoid becoming amendment-blocked.

XRP price pared gains and currently trades at $1.09. The 24-hour high and low are $1.12 and $1.09, respectively. However, XRP futures open interest has climbed slightly as Ripple secured MiCA compliance, with a 0.60% jump on Binance in the last 4 hours.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.