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#cash-basis accounting

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XRPL’s New Lending Tool Could Lock Up XRP From Minutes to Decades
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XRPL’s New Lending Tool Could Lock Up XRP From Minutes to Decades

Key Highlights The XRP Ledger Foundation released xrpld 3.4.0 on September 16 with LendingProtocolV1_1, introducing closed-ended vaults with fixed subscription, investment, and redemption periods and cash-basis interest accounting. Deposited assets in closed-ended vaults are locked during the investment phase, which can range from 60 seconds to just under 30 years, while interest is recognized only ...