Vet is an XRPL node validator.
https://x.com/Vet_X0/status/1956126569967083998
> Important Institutional building block about to go live on the XRP Ledger!
>Prerequisite for compliant usage.
>Credentials has 28 Yes votes, close to go into activation timer among other fix amendments.
>Credentials are a building block for Permissioned Domain/DEX. They enable the compliant use of the XRP Ledger by institutions.
>Without it, the XRPL can't attract those native users on chain directly.
Pic related.
To clarify, 28/35 yeah votes is exactly 80% approval.
In order for the 2 week activation timer to start on any XRPL amendment, it must be OVER 80%.
Basically, Credentials needs 1 more vote to start the activation timer.
Then it needs to stay above 80% approval for the entire 2 weeks.
Once it does so, it gets activated.
Yes, Credentials is not Permissioned Domain, but it is a necessary building block for compliance, before Permissioned Domains can be implemented.