XRPL Lending Protocol Clears Security Audit amid v3.2.0 Amendment Voting
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.
Halborn completed the 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 decentralized finance primitive that enables on-chain, fixed-term, uncollateralized loans using pooled funds from a Single Asset Vault.
The re-audit included verifying transaction validation logic, ensuring state consistency and accounting accuracy, checking parameter validation and access controls, and identifying any discrepancies. The XRP community reacted positively, as it could boost institutional interest in the network.
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.
The Lending Protocol news delivered a major boost to security confidence. 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 3.2.0 upgrade. Currently, it has received 14.29% votes in favor, with others yet to vote ahead of mainnet activation. The re-audit news has led to 30% of nodes updating with the latest release. Validators and operators must upgrade before full activation to 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. XRP futures open interest has climbed slightly as Ripple secured MiCA compliance, with a 0.60% jump on Binance in the last 4 hours.