• Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
Facebook X (Twitter) Instagram
Trending
  • KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack
  • Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple
  • Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations
  • Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute
  • Yemenis are embracing DeFi in response to US sanctions on the Houthi group
  • Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst
  • Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support
  • Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’
Facebook X (Twitter) Instagram
CoinovelCoinovel
  • Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
CoinovelCoinovel
Home » RippleX Provides Solution for AMM Pool Error on XRP Ledger, Urges User Vigilance
RippleX Provides Solution for AMM Pool Error on XRP Ledger, Urges User Vigilance
RippleX Provides Solution for AMM Pool Error on XRP Ledger, Urges User Vigilance

RippleX Provides Solution for AMM Pool Error on XRP Ledger, Urges User Vigilance

0
By admin on 2024-03-24 Blockchain

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.

Magazine: ‘Moral responsibility’ — Can blockchain truly enhance trust in AI?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Yemenis are embracing DeFi in response to US sanctions on the Houthi group

Polygon’s Nailwal: The Jio Partnership Will Propel Real-World Web3 Adoption for 450 Million Users

Babylon’s Total Value Locked Decreases by 32% as Wallets Unstake $1.2B in Bitcoin

  • Popular
  • Latest
  • Hot comments
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

Latest Gallery

Latest Recommendations
2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

2025-04-18 Regulations Security

Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute

2025-04-18 Blockchain

Yemenis are embracing DeFi in response to US sanctions on the Houthi group

2025-04-18 Regulations Security

Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst

2025-04-18 Cryptocurrency

Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support

2025-04-18 News

Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’

2025-04-17 Blockchain

Polygon’s Nailwal: The Jio Partnership Will Propel Real-World Web3 Adoption for 450 Million Users

2025-04-17 Blockchain

Babylon’s Total Value Locked Decreases by 32% as Wallets Unstake $1.2B in Bitcoin

2025-04-17 Regulations Security

OpenAI pursued a deal with Anysphere prior to shifting its focus to WindSurf

2025-04-17 Analysis

Bitcoin Gold’s Imitation Strategy Could Surpass $150K as BTC Remains ‘Remarkable’

2025-04-17 Cryptocurrency

AI Tokens and Memecoins Dominate Cryptocurrency Narratives in Q1 2025: CoinGecko

2025-04-17 Cryptocurrency

Four Reasons Why the Price of Bitcoin Could Surge to $90,000 in April

2025-04-17 News

Trump Criticizes Powell for Delaying Interest Rate Cuts, Calling It ‘Too Late’

2025-04-17 News

Wyoming Commission Considers Whether Stablecoin Falls Under SEC Regulations

About
About

Coinovel is an enthralling novel of cryptocurrencies. Engage with narratives, delve into stories, and journey through the captivating world of digital currencies.

X (Twitter) Telegram
Popular posts
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

Copyright © 2025 coinovel. All rights reserved.
  • Home
  • Cryptocurrency
  • Blockchain
  • Regulations Security
  • Analysis
  • Insights
  • News
  • Getting Started

Type above and press Enter to search. Press Esc to cancel.