Overview

• Immunefi is leading a public security program that invites global researchers to probe the proposed XRPL Lending Protocol, with the education phase already open.
• Payout rules specify the full $200,000 will be distributed if at least one valid bug is found, with a $30,000 fallback pool if none are discovered but useful insights are submitted.
• The protocol targets native pooled lending and underwritten credit on XRPL, including fixed-term, uncollateralized loans that use off‑chain credit assessments instead of smart contracts.
• RippleX positions the exercise as part of a broader security process ahead of a validator vote expected before year‑end to decide whether the amendment proceeds.
• Market coverage reports XRP rebounded roughly 65% from last week’s low after the announcement, with analysts linking the move to renewed confidence and a broader crypto bounce.