Joel Mun(@9oelM):Made a short video on the Single Asset Vault (XLS-65) on the XRP Ledger. Before you can borrow on-chain, the money has to come from somewhere. The vault is that shared pool. You deposit, you get shares back, and those shares are your slice of it. If the pool earns, your shares can be worth more when you redeem. First in a series on on-chain lending.

Joel Mun

@9oelM

Opinions are my own / Senior Devrel @Ripple APAC / TG channel:

参加 March 2012

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Joel Mun@9oelM

2026.08.27 08:15

Made a short video on the Single Asset Vault (XLS-65) on the XRP Ledger. Before you can borrow on-chain, the money has to come from somewhere. The vault is that shared pool. You deposit, you get shares back, and those shares are your slice of it. If the pool earns, your shares can be worth more when you redeem. First in a series on on-chain lending.