XRP Ledger bug fix package fixCleanup3_4_0 set to activate October 23

The XRP Ledger is set to activate its fixCleanup3_4_0 bug-fix package on October 23, 2026, after reaching the required 29 validator votes on October 9. The patch addresses token-creation loopholes, automated market maker errors, and vault rounding rules. Crucially, it fixes unreleased code for Ripple's proposed institutional lending protocol (XLS-66) and SingleAssetVault (XLS-65), which remain inactive and short of validator consensus with 19 and 21 votes respectively.

Activation rules and fixCleanup status

• ▪The XRP Ledger evaluates amendment activation decisions at designated intervals called flag ledgers, occurring every 256 ledgers.
• ▪The XRP Ledger fixCleanup3_4_0 amendment reached 29 validator votes on October 9, 2026, and held 29 on October 19, 2026, tracking activation around 09:34 UTC on October 23, 2026, with a single validator withdrawal restarting its 14-day countdown.
• ▪An amendment to XRP Ledger rules requires continuous approval from over 80% of the network's 35 default trusted validators—at least 29 votes—for two consecutive weeks before activating.

Bugs addressed by fixCleanup amendment

• ▪The fixCleanup3_4_0 update prevents automated market maker recovery transactions from accidentally destroying liquidity-provider tokens when asset recovery rounds to zero.
• ▪The fixCleanup3_4_0 package updates vault asset rounding calculations, loan default criteria, and cryptographic signature role prefixes to prevent signature reuse across different roles.
• ▪The fixCleanup3_4_0 amendment includes adjustments addressing permissioned decentralized exchange transactions, NFT offers, and escrow processing on the XRP Ledger.
• ▪The fixCleanup3_4_0 amendment closes a loophole that could allow account roles authorized only to burn tokens to create new tokens under specific conditions.

Upgrading xrpld server software

• ▪Signed Linux installation packages for xrpld version 3.4.0 are distributed through the XRPL Foundation.
• ▪XRP Ledger server operators must upgrade to xrpld version 3.4.0, released on September 16, 2026, to prevent their servers from becoming amendment-blocked when new network rules enforce.

LendingProtocol voting status and design

• ▪Ripple's proposed LendingProtocol amendment (XLS-66) held 19 of 35 validator votes as of October 19, 2026, leaving it 10 votes short of the 29 needed for activation.
• ▪The LendingProtocolV1_1 amendment, introduced in xrpld version 3.4.0 with 19 validator votes as of October 19, 2026, proposes closed-ended vault stages and recognizes interest revenue only when borrowers make payments.
• ▪Even if the LendingProtocol proposal reached 29 validator votes immediately, the required two-week voting period prevents the lending feature from activating before early November 2026.

SingleAssetVault status and Ripple support

• ▪The XRP Ledger SingleAssetVault amendment (XLS-65), designed to store deposited assets for lending, held 21 validator votes as of October 19, 2026, leaving it eight votes short of approval.
• ▪Ripple backed both the LendingProtocol and SingleAssetVault amendments through its network validator in August 2026 while both remained below the activation threshold.

Proposed uncollateralized lending mechanism

• ▪The proposed XRP Ledger lending protocol includes optional first-loss capital provisions deposited by loan brokers into separate accounts, though these funds do not guarantee complete recovery for lenders during defaults.
• ▪Under Ripple's proposed uncollateralized lending protocol pitched to payment companies since June 2026, depositors pool assets into vaults and offchain loan brokers determine borrower eligibility without on-chain collateral requirements.