Ripple Investors Attention: Critical Voting Has Started!


Ripple’s XRP Ledger, Ripple The change is currently going through a voting process where the validator community will decide on its integration into the XRPL Mainnet. Here are the details…

Critical voting for Ripple has started

Described as the first of its kind, the XLS-30 was built as a native protocol. It aims to enable asset trading in automated liquidity pools by bringing native AMM functionality to XRPL. One of its standout features is the Continuous Auction Mechanism, designed to encourage arbitrageurs to bid on mispricing opportunities. This mechanism aims to mitigate the effects of non-permanent losses for liquidity providers.

Last year, the RippleX team proposed the XLS-30d technical specification to integrate a protocol-specific automatic market maker (AMM) with the order book-based DEX on the XRP Ledger. Since its release to Devnet in November 2022, the community has witnessed significant progress in testing and development. Devnet has seen hundreds of AMM pools being created and multiple wallets have been linked to evaluate its functionality. In addition, RippleX has included AMM support in three client libraries: xrpl.js, xrpl-py and xrpl4j, and also integrated it into the explorer.

What does XLS-30 mean?

The decentralized nature of XRP Ledger ensures that no single authority can dictate decisions for the network. For the XLS-30d change to be approved, at least 80% of the validator community must vote in favor and this consensus must last for at least two weeks. If these conditions are met, the change will be integrated into the Mainnet. Developers can use the XLS-30d AMM integration for two primary use cases: building new financial applications and integrating them into non-financial applications. The protocol provides a streamlined process for developers, eliminating the need for heavy work.

It also offers a unique auction mechanism to reduce impermanent losses, encouraging arbitrageurs to maintain stable volatility by bidding with near-zero trading fees. In practical applications, for example, if a user wants to purchase an NFT listed for a specific token but only owns a different token, AMM can facilitate the exchange with an optimized transaction price. This seamless integration can significantly improve the user experience, especially for illiquid tokens.

CTO also expressed his excitement

Meanwhile, Ripple’s CTO expressed his excitement that the XLS-30 AMM is now available for vote on the mainnet. In a recent tweet, Ripple’s Chief Technology Officer David Schwartz revealed one of his favorite XRP Ledger (XRPL) features. This statement comes after the RippleX development team announced the change of offering for the XLS-30 Automated Market Maker (AMM) on XRPLedger. The team added that the amendment is now ready for voting. In response, Schwartz excitedly stated that his favorite XRPL feature – the XLS-30 AMM – is up for vote on the mainnet. When asking members of the XRP community, Ripple CTO did not explain what makes the XLS-30 AMM one of his favorites for XRPL.


Please enter your comment!
Please enter your name here