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XRP Ledger developers release second amendment to fix lending protocol before launch
XRP Ledger developers have published a second code amendment, LendingProtocolV1_1, to repair issues in its new uncollateralized lending feature. The original lending protocol, LendingProtocol, is still awaiting validator approval. This proactive step aims to ensure the network adopts the repaired version from the start, avoiding the launch of a known-flawed system. The protocol is designed for institutional-style credit, relying on off-chain underwriting and "first-loss capital" instead of the typical DeFi collateral model, with issuers retaining compliance tools like account freezing.
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Asian stock markets broadly fell on Monday, with the Nikkei 225 down 2% and South Korean stocks down 1.6%. Oil prices declined as Donald Trump considered exempting some sanctions against Russia, with Brent crude falling 1.6% to $108.06 per barrel. Iran reported another oil tanker hitting a mine in the Strait of Hormuz.
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Days before his arrest, the suspect in the OpenAI wiretapping case was still in frequent communication with members of the Saudi royal family, and prosecutors revealed that his wife and children's departure flights were arranged by the Saudi government.
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The euro fell by as much as 0.5% against the dollar to 1.1183 in Asian morning trading, as the escalating Russia-Ukraine conflict was compounded by unrest in France. French government bond futures dropped 52 basis points.
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Brent crude futures fell nearly 1% to $108.80 a barrel after Donald Trump signed an executive order exempting sanctions on Russia.
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