XRP News: Lending Awaits Votes, Cleanup Nears Activation

The XRP Ledger’s fixCleanup340 amendment drew support from 29 of 35 trusted validators and was projected to activate at 09:34 UTC on October 23, applying code fixes that cover rounding and precision problems in vault transactions and clawbacks as well as authorization and freeze handling. Activation needs backing above 80% through a 14-day voting window, with votes checked at flag ledgers about every 16.5 minutes, so the timing depends on that support holding. Separate lending and Single Asset Vault proposals attracted fewer votes and are at different approval stages; the proposed lending system would make fixed-term loans without collateral, funded by depositors via a broker-run Single Vault, with off-chain credit checks and no automatic on-chain collateral or liquidation.