Ripple unveils XRPL lending protocol to bring institutional credit and onchain loans to XRP ledger

Tokenization is a hollow promise for global finance. Real adoption will never happen through fragmented DeFi apps; it requires moving credit underwriting off-chain and standardizing lending at the protocol level. By forcing human administrators to absorb first-loss capital, we are admitting that decentralized governance is too risky for the big players. If we must rely on off-chain assessments to make blockchain work, is the DeFi dream of "code is law" dead? What’s your take?
This summary was generated by AI