The XRP Ledger has two upgrade tracks in motion: one amendment is nearing activation, while two others remain pending validator approval.

PermissionDelegationV1_1 heads toward October 5

PermissionDelegationV1_1, an amendment to the XRP Ledger, began a 14-day activation countdown on September 21, with approximately 29 of the ledger's 35 trusted validators currently backing it. According to the live amendment dashboard, if the amendment maintains 80% support or higher, it will go live on October 5. Should backing drop below 28 validators, the activation outlook changes. The math is exact: with 35 trusted validators on the ledger, 28 equals precisely the 80% supermajority an amendment needs, and that support has to hold through the full countdown window before the code goes live.

The amendment splits authority by function, in the same way banks already separate payments from compliance. Under the design, a stablecoin issuer could let an online compliance system approve token holders while its master keys stay offline. An operations account could send payments, but it could not change keys or grant access to anyone else. Each delegate can hold up to 10 permissions, and these can be edited or revoked at any time.

Second attempt after fee-charging flaw

This is the second attempt to activate the amendment. The first version checked permissions before signatures, but some failed transactions still charged fees. An attacker could have spammed high-fee submissions, potentially draining another account's XRP. A community tester identified the issue on September 15, which led validators to reject the amendment and prevented it from going live. The fix shipped in xrpld 3.3.0, which verifies signatures before any fee is charged. The episode shows the activation process working as intended: because amendments need sustained validator backing, a flaw found before the deadline kept the faulty version off the network.

XLS-65 and XLS-66 still await validator support

Separately, XLS-65 and XLS-66 still need more than 80% validator support sustained for two straight weeks. XLS-65 introduces Single Asset Vaults, which allow users to pool one asset and receive shares in return. XLS-66 uses those vaults for fixed-term loans, with the underwriting process taking place off-chain while loan creation, repayments, and defaults are recorded on-chain. There are no automatic liquidations, which makes the design a better fit for business loans and working capital — a contrast to the automatic liquidations built into most collateralized DeFi lending.

The LendingProtocolV1_1 design also includes several other features:

• Closed-ended vaults with fixed subscription, investment, and redemption windows
• Cash-basis accounting, meaning interest is counted only once it is actually paid
• Optional first-loss capital from brokers to absorb part of a default
• Borrower risk assessment left to outside underwriters and the market

In summary, the XRP Ledger's PermissionDelegationV1_1 could activate on October 5, while XLS-65 and XLS-66 remain pending validator approval. The markers to watch from here: whether PermissionDelegationV1_1 holds at least 28 validators through October 5, and whether the lending proposals can assemble two straight weeks of 80% backing, with all of it visible on the ledger's live amendment dashboard. The original report was published on AMBCrypto.