SOIL Positions Itself as First Native Lending App on XRP Ledger

SOIL's Positioning on XRP Ledger

SOIL announced it is positioned to become the first application leveraging XRP Ledger's native lending infrastructure. The announcement came via SOIL's X account and detailed the protocol's readiness to deploy once the XRP Ledger network activates the XLS-65 and XLS-66 amendments, which would establish native lending primitives at the protocol level.

What the Amendments Enable

The XLS-65 and XLS-66 proposals are designed to add lending and borrowing functionality directly to XRP Ledger's core protocol, rather than relying solely on smart contract layers or sidechains. SOIL's stated focus on regulated yield suggests the protocol intends to offer compliant lending products that operate within the native framework, positioning it ahead of other potential applications awaiting similar infrastructure.

Why It Matters

For Traders

If XLS-65 and XLS-66 activate, SOIL's launch could introduce new yield-bearing instruments on XRP Ledger, affecting capital allocation and XRP token utility.

For Investors

Native lending infrastructure at the protocol level may increase XRP Ledger's competitive position against other Layer 1 networks offering DeFi functionality.

For Builders

First-mover status in a native lending framework sets a template for how future DeFi applications interact with XRP Ledger's core layer.