SOIL races to launch XRP Ledger’s first native lending app

SOIL has positioned itself to become the first application to use XRP Ledger’s proposed native lending infrastructure as the network considers activating the XLS-65 and XLS-66 amendments. Summary SOIL is preparing to become the first application to use XRP Ledger’s proposed native lending infrastructure. The XLS-65 and XLS-66 amendments would introduce on-chain lending, liquidity pools, and yield products to XRPL. XRP Ledger recently launched version 3.2.0, while XRP price remains near a projected $1 support retest. According to a recent update shared by SOIL on X, the regulated yield protocol is preparing to operate on the XRP Ledger Lending Protocol and Single Asset Vault framework once the proposed amendments receive approval. SOIL is gearing up to be the first application using the XRPL Lending Protocol and SAV. The XLS-65 and 66 unlock a new generation of lending and yield products natively on XRPL, and we’d love to see them activated as soon as possible. Below is a sneak peek. More coming soon. pic.twitter.com/E89EZrgEBK — Soil (@soil_farm) June 23, 2026 The project stated that XLS-65 and XLS-66 would enable a new class of lending and yield products directly on XRPL and voiced support for activating the changes as soon as possible. The development comes as XRP Ledger participants review two proposals designed to introduce lending functions at the protocol level. While XLS-66 outlines a structure for fixed-term, uncollateralized loans backed by pooled liquidity, XLS-65 introduces the SingleAssetVault model, which allows multiple users to contribute assets to a shared vault that can supply liquidity to lending markets. Recent work on the network has also focused on infrastructure improvements. As reported by crypto.news, XRP Ledger released version 3.2.0 on June 22, deploying fixes for several software issues after a security review by blockchain security firm Common Prefix identified numerical and behavioral edge cases in the network’s core implementation. According to the XRP Ledger Foundation, those fixes were included in the latest mainnet upgrade. You might also like: Bitcoin price confirms H&S pattern, will it crash below $60K? Proposed amendments create the foundation for lending markets A demonstration published by SOIL provided an early look at how the system could function once the amendments move into production. The presentation showed several Single Asset Vaults operating on XRPL’s Lending DevNet environment. In the demonstration, users deposited funds into separate vaults and received MBT tokens representing their positions. According to the presenter, each vault issues its own MBT token, allowing depositors to maintain an on-chain representation of their ownership share. Additional deposits into multiple vaults showed how ownership records expand as liquidity increases. Transaction values and sequence data were displayed through an explorer interface, giving participants visibility into fund movements and vault activity.