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- Ripple’s XRP Ledger (XRPL) integrates Automated Market Maker (AMM), enhancing its decentralized exchange.
- The AMM Amendment receives strong support with a 57.14% consensus among XRPL validators, promising new passive income avenues for XRP holders.
In a notable development reported by CNF, the XRP Ledger (XRPL) has integrated an Automated Market Maker (AMM) upgrade, significantly enriching Ripple’s decentralized exchange. This pivotal enhancement offers XRP holders fresh engagement opportunities with the platform.
Panos Mekras of Anodos Finance disclosed a 57.14% consensus among XRPL validators for the AMM Amendment, marking a transformative phase for the XRPL and potentially turning XRP assets into a source of passive income.
A recent CNF YouTube presentation further elucidates the AMM Amendment’s impact, positioning it as a pivotal enhancement that integrates AMM functionalities directly into the XRPL.
Unveiling New Opportunities
The AMM Amendment’s rollout seamlessly incorporates AMM features into the XRPL, revolutionizing the landscape for XRP holders. This update, supported by a strong 57.14% validator consensus, introduces dedicated AMM accounts for asset security and the issuance of Liquidity Pool (LP) tokens. These tokens reward liquidity providers proportionally and grant them voting power on AMM trading fees, aligning with their LP asset share.
In anticipation of this game-changing update, my tweet highlighted the AMM’s potential to redefine passive income avenues for the Ripple and XRP community. The XLS-30D AMM Amendment, going live in 14 days, signifies a major protocol update, integrating sophisticated AMM functionalities and paving the way for a decentralized finance future.
🚀BÄÄÄÄÄÄÄÄÄÄÄM! 🚀
Who else is excited about the upcoming AMM update for #Ripple and the #XRP community?! The Automated Market Maker (AMM) amendment represents a significant step forward for mainstream adoption and has the potential to drive utility in billion-dollar markets.… pic.twitter.com/iy7qsEZluq
— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) February 1, 2024
Ripple’s market performance reflects a positive trajectory, with a 2.59% decrease over the last 24 hours and a 2.79% down over the week, positioning the price at $0.494.
This uptrend underscores the growing optimism and confidence in Ripple’s advancements and its impact on the digital currency ecosystem.
