Ripple has voted in favor of the fixCleanup amendment that consists of bundled fixes for Single Asset Vaults, the Lending Protocol, and others. This helps move forward the XRP Ledger v3.3.0 upgrade, boosting stability, performance, and readiness for institutional and tokenization use cases.
Ripple Approves FixCleanup Amendment in XRP Ledger Upgrade
The fixCleanup3_3_0 amendment that bundles targeted bug fixes and protocol cleanups has received support from Ripple. The vote from Ripple during the early voting stage itself signals the company’s push for the major XRP Ledger upgrade.
According to the latest voting data, 8 of 35 UNL validators now support the proposal. It requires the 80% threshold or 28/35 votes for two consecutive weeks for mainnet activation.
This amendment is a collection of fixes for Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, Checks, and pseudo-accounts.
As CoinGape reported recently, Ripple has also finally voted in favor of Single Asset Vault and Lending Protocol amendments. The amendments introduce XRP or RLUSD vaults and credit infrastructure, boosting DeFi and tokenization.
Meanwhile, node operators are required to upgrade to the XRP Ledger 3.3.0 release to avoid getting amendment-blocked once the major upgrade is activated.
The upgrade has five other amendments or proposals that are currently in the voting stage. These are Confidential Transfer, BatchV1_1, DynamicMPT, PermissionDelegationV1_1, and Sponsor.
Developers also revealed non-feature improvements including 10-15% memory usage reduction, better online delete and node sync performance, expanded test coverage, and other optimizations.
XRP Price Rebounds
XRP price has jumped almost 3% in the past 24 hours amid rising whale wallets and network activity. Ripple’s coin price is currently trading at $1.02, with a 16% rebound in trading volume over the last 24 hours.
However, CoinGlass data shows significant selling activity in the derivatives market despite CPI inflation falling. The total XRP futures open interest fell more than 0.65% within an hour after recently bouncing above $2.70 billion.
Notably, the 24-hour futures open interest is still up 1.31% on CME, but slipping on Binance, OKX, Bybit and other crypto exchanges.
Traders looking to leverage this momentum can compare features on the best crypto derivative futures trading platforms to find competitive funding rates and deep liquidity.
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