RippleX, the development division of Ripple, has unveiled a technical glitch that is affecting Automated Market Maker (AMM) pools on the XRP Ledger. This issue is causing disruptions in transactions and pools, prompting the management to provide users with updates regarding fund deposits.
According to a post on the X social platform, RippleX’s technical team has identified a discrepancy in a limited number of AMM pools on the XRP Ledger, resulting in incorrectly processed transactions.
AMM pools are liquidity pools used in decentralized exchanges (DEXs) to facilitate trading without the need for traditional order books. In these pools, traders can directly swap assets with the pool instead of other traders. The pool holds reserves of different assets, and prices are determined algorithmically based on the asset ratios 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 proactive measure aims to prevent any potential complications caused by the current glitch. Users with liquidity provider (LP) tokens in these pools are advised to redeem them until the issue is resolved.
However, RippleX’s technical team is actively working to address the bug and restore normal operations in the AMM pools. The company is committed to resolving the issue promptly and has sought assistance from community members in troubleshooting.
XRP Ledger (XRPL) users and AMM pool stakeholders are encouraged to stay updated on RippleX’s official communication channels for 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 to RippleX for the early notification. They commended the transparency and proactive approach taken by RippleX in addressing the discrepancies in the AMM pools and praised the company’s dedication to maintaining the integrity of the ecosystem.
The recent introduction of the AMM feature by the XRPL has generated a significant amount of excitement and support, leading to the creation of over 1,000 liquidity pools, as reported by XRPScan. This milestone signifies a substantial expansion in the variety of assets available in 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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