RippleX, the development arm of Ripple, has disclosed a technical issue that is impacting Automated Market Maker (AMM) pools on the XRP Ledger. This glitch is causing disruptions in transactions and pools, leading the management to provide updates to users regarding fund deposits.
In a post on the X social platform, the technical team at RippleX has identified a discrepancy in a limited number of AMM pools on the XRP Ledger, resulting in incorrect processing of transactions.
AMM pools are liquidity pools utilized in decentralized exchanges (DEXs) to facilitate trading without relying on traditional order books. In these pools, traders can directly swap assets with the pool itself, rather than with other traders. The pool holds reserves of various assets, and prices are determined algorithmically based on the asset ratio in the pool.
Due to the ongoing technical issue, RippleX has advised its users to refrain from depositing funds into the affected AMM pools. This precautionary measure aims to prevent any potential complications that may arise from the current glitch. Users with liquidity provider (LP) tokens in these pools are encouraged to redeem them until the issue is resolved.
Nevertheless, RippleX’s technical team is actively working to address the bug, with a focus on restoring normal operations within the AMM pools. The company has expressed its commitment to promptly resolving this issue and has sought assistance from community members in troubleshooting.
Users of the XRP Ledger and stakeholders in AMM pools are advised to stay updated on developments from RippleX through its official communication channels. 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 to RippleX for providing advance notice. He commended the transparency and proactive approach taken by RippleX in addressing the discrepancies in AMM pools, and praised the company’s dedication to maintaining the integrity of the ecosystem.
The recent introduction of the AMM feature on the XRPL has garnered significant excitement and support, resulting in the creation of over 1,000 liquidity pools, as reported by XRPScan. This milestone signifies 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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