- The XRP Ledger fix is expected to activate on Nov. 4 if support holds.
- The update closes a loophole affecting issued tokens, not XRP supply.
- Validator support reset the activation clock after a brief dip below the threshold.
The XRP Ledger fix is back on track for activation Wednesday after a short drop in validator support delayed the update by nearly two weeks. The amendment is designed to close a permission loophole affecting issued tokens on the network, including stablecoins, where an account meant only to destroy tokens could under certain conditions create new ones. XRP itself is not affected by the issue. Network documentation has already warned developers against granting the token-burning permission until the change takes effect. Alongside that core change, the XRP Ledger fix also updates calculations tied to trading pools, vault activity, and lending-related functions.
XRP Ledger fix targets token permissions
The main purpose of the XRP Ledger fix is to enforce a clearer separation between destroying issued tokens and creating new ones. According to the source, the flaw can allow an account with authority only to destroy an issuer’s tokens to mint new ones in certain cases. That is a risk for assets issued on the ledger rather than for XRP itself.
The stablecoin example in the source shows why that distinction matters. A payments service may be allowed to destroy tokens when users redeem them for dollars, but that same service should need separate approval to issue more. The XRP Ledger fix is meant to make sure those permissions remain separate in practice, not just in theory.
XRP Ledger fix support and activation timing
Validator backing for the XRP Ledger fix currently stands at 33 of 35 tracked validators on XRPL Dashboard. Validators are the independent operators whose systems verify transactions and help the network agree on its transaction history. For changes to transaction rules, the ledger requires support above 80% for two uninterrupted weeks.
With 35 validators in the count, at least 29 must continue supporting the amendment throughout that full period. The update had first been expected on Oct. 23, but support slipped to 26 on Oct. 21 before recovering roughly two hours later. That brief dip was enough to reset the countdown and push the expected activation back by nearly two weeks.
What the XRP Ledger fix changes beyond the loophole
The XRP Ledger fix includes other corrections beyond the token permission issue. One part of the package updates calculations used when issuers recover tokens from trading pools. Another corrects calculations for deposits and withdrawals from vaults that pool assets on the network.
The package also addresses lending-related timing. One correction prevents a loan from being marked late or in default before its due date has actually passed. These changes are set to arrive before the lending service itself is active, meaning the network is fixing related accounting and timing rules ahead of a broader launch.
Lending amendments remain below the threshold
While the XRP Ledger fix is close to activation, the separate lending service amendment and the vault system it depends on are still short of the required support. According to XRPL Dashboard figures cited in the source, the lending amendment has 19 votes and the vault system has 21.
Both still need 29 votes to begin their own two-week activation countdowns. If they were to reach that threshold on Wednesday, the earliest possible activation for lending would be Nov. 18. For now, though, those related amendments remain well behind the XRP Ledger fix in the approval process.
Conclusion
The XRP Ledger fix appears set to activate around 14:46 UTC on Nov. 4 if validator support stays above the required level through the final network voting checkpoint. Its main purpose is to close a loophole that could let accounts create issued tokens even when they were supposed to be limited to destroying them. The issue affects ledger-issued assets such as stablecoins, while XRP’s own supply remains untouched. The amendment also corrects calculations tied to trading pools, vaults, and lending. After a brief support drop delayed the schedule, the XRP Ledger fix is now nearing activation again with backing from most tracked validators.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
Featured image created by AI
