The XRP Ledger has a lending proposal that needs 80% validator approval to activate, but only 20% support it so far. Without it, users can't borrow against on-ledger assets like bonds or real-estate tokens, blocking a real financial market from forming.
you can put a bond on a ledger, you can put a building on a ledger, but if nobody can borrow against it, then you've not built a real financial market. You've built a very expensive display case, right? Right now there is a proposal sitting in front of the XRP Ledger's validators that will close this gap, and it has not passed yet. It is roughly about 20% support against a threshold of 80%.— and most people covering this are calling it launch, but it hasn't quite launched yet. And the fact that it isn't launched is exactly the most interesting part, right? So I want to walk you through what is really happening and why most people are going to miss this. I've talked about it in another video, but I want to share it again because I think people are not understanding what is about to happen with the Ledger if this goes through.
