RippleX, the division responsible for development at Ripple, has disclosed a technical glitch that is affecting Automated Market Maker (AMM) pools on the XRP Ledger. This issue has been disrupting transactions and pools, leading to the management updating users on the status of fund deposits.
In a post on the X social platform, the technical team at RippleX has identified an inconsistency in a limited number of AMM pools on the XRP Ledger, resulting in incorrect processing of transactions. AMM pools are liquidity pools used in decentralized exchanges (DEXs) to facilitate trading without the reliance on traditional order books. Traders can directly swap assets with the pool instead of other traders. The pool contains reserves of different assets and prices are determined algorithmically based on the asset ratio in the pool.
Due to the ongoing technical issue, RippleX is advising its users to refrain from depositing funds into the affected AMM pools. This precautionary measure aims to prevent any complications that may arise from the current glitch. Users who have liquidity provider (LP) tokens in these pools are advised to redeem them until the matter is resolved.
However, RippleX’s technical team is actively working to address the bug and is focused on restoring normal operations within the AMM pools. The company is committed to resolving this issue promptly and has sought assistance from community members for troubleshooting.
XRP Ledger (XRPL) users and AMM pool stakeholders are encouraged to stay updated on RippleX’s official communication channels for any further updates. The crypto community has responded positively to the disclosure of the technical issue affecting AMM pools on the XRP Ledger.
A community member known as FarhanSiYal13 on the X social platform expressed gratitude towards RippleX for providing the heads-up. They appreciated the transparency and proactive approach taken by RippleX in addressing the discrepancies in AMM pools and commended the company’s dedication to maintaining the integrity of the ecosystem.
The recent introduction of the AMM feature on the XRPL has generated significant excitement and support, resulting in the creation of over 1,000 liquidity pools, as reported by XRPScan. This milestone represents a substantial expansion in the variety of assets available within these pools.
According to the data, one of the largest liquidity pools features the XRP/XCASH pair, with the AMM account identified as “rUCLr….ABx6D” and a balance of 273,184,692.307334 LPToken.
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