Ripple confirms XRPL Lending Protocol v1.1 enhances existing framework safely. Developers can build immediately without waiting for protocol upgrades ahead. SOIL plans native lending integrat
Ripple executive J. Ayo Akinyele has clarified that the upcoming XRPL Lending Protocol v1.1 will expand the existing protocol instead of replacing it, assuring developers they can confidently build on version 1.0 without delaying their projects. According to Akinyele, the current protocol already functions as intended, while the next version introduces refinements shaped by ecosystem feedback and Ripple’s long-term vision for lending on the XRP Ledger.
In a post shared on X, Akinyele explained that version 1.1 will launch as a separate amendment that extends the current framework. As a result, developers supporting version 1.0 today will remain compatible when the enhancement becomes available. He stressed that version 1.0 will not be deprecated, allowing institutions and developers to deploy lending applications directly on the XRPL mainnet.
According to Akinyele, the amendment process also removes the need for developers to postpone implementation plans. Instead, validators will review version 1.1 independently through the XRP Ledger’s established amendment process. Consequently, the existing protocol remains ready for immediate adoption while the network evaluates the proposed enhancements.
The clarification addresses uncertainty surrounding the protocol’s roadmap. Rather than introducing a replacement, Ripple intends to expand the lending framework gradually while preserving compatibility for projects already operating on the network.
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Meanwhile, Ripple’s lending initiative has already attracted interest from projects preparing to use the protocol. Another Ripple executive confirmed that a new wave of lending and yield products is expected to arrive on the XRP Ledger as development continues. Institutional lending platform SOIL announced plans to integrate the XRPL Lending Protocol alongside SAV. The company aims to become one of the first applications to leverage the network’s native lending capabilities, creating additional yield opportunities with assets such as USDC, RLUSD, and XRP.
A quick clarification on Lending Protocol v1.1, since there is some confusion.
To be clear, v1.1 is an enhancement to the Lending Protocol, not a replacement for v1.0, and not a reason to hold off on v1.0 today.
The protocol works as designed. v1.1 enhances it: refinements and…
— J. Ayo Akinyele (@ja_akinyele) June 25, 2026
Besides integrating the protocol, SOIL has proposed activating XLS-65 and XLS-66 to support the rollout of the lending infrastructure. The company believes these technical standards should move forward as soon as possible to strengthen the deployment of lending services across the network. Additionally, the proposed standards could improve the flexibility available to developers building decentralized finance applications on XRPL. They are also expected to support a broader range of institutional lending products as adoption grows.
Developers have no reason to delay building on the current XRPL Lending Protocol because version 1.1 is designed to enhance, not replace, the existing framework. With SOIL preparing to integrate the protocol and additional technical standards under consideration, the XRP Ledger continues advancing its decentralized finance capabilities while maintaining continuity for current developers.
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