The XRP Ledger lending system designed by Ripple for banks and payment companies has reached 22 validator votes, just seven short of the 29 required to activate. The tally gained three additional votes since mid-October, according to CoinDesk data as of November 12. Both the "LendingProtocol" amendment and its first patch currently hold 22 votes each, while the companion "SingleAssetVault" amendment used to create funding pools has secured 23 votes. Each amendment must maintain 29 votes for two consecutive weeks before activation. The protocol allows depositors to place XRP or other tokens into vaults from which loan brokers lend assets for fixed terms without requiring borrower collateral, relying instead on off-chain underwriting and risk management. A code merge request dated November 4 indicates developers are still advancing a third related lending amendment ahead of the vote.