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XRP Ledger to release major v3.4.0 upgrade featuring Lending Protocol v1.1 next week

Protocol Fundamentals
10 Sep 2026
Coingape
View Source
Bullish
XRP Ledger to release major v3.4.0 upgrade featuring Lending Protocol v1.1 next week

The XRP Ledger is preparing for a significant software upgrade, version 3.4.0, which will include the new Lending Protocol v1.1 to enhance its decentralized finance (DeFi) capabilities. This update aims to improve on the current Lending Protocol v1.0 by adding features like a MemoData field and supporting uncollateralized lending with pooled funds from a Single Asset Vault. The upgrade is currently in beta and undergoing validator voting, requiring 80% consensus for activation. The XRP Ledger community and developers see this as a dynamic protocol that will continue evolving to support more functionalities over time.

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