An amendment suggesting the incorporation of an automated market maker (AMM) trading platform into the XRP Ledger has achieved the necessary consensus threshold for approval. This development enables XRP token holders to potentially earn income and engage in on-chain trading.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/01/Add-a-heading-3.png?fit&#61;900%2C300&amp;ssl&#61;1" />Cryptos Headlines Platform Has Launched Its Native Token, Early Public Sale Is Live On <a href="https://cryptosheadlinestoken.com/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a>The XRP community noticed the proposal’s approval, with prominent member Vet sharing the news. They <a href="https://xrpscan.com/amendment/AMM" rel="noopener noreferrer nofollow">highlighted</a> that the automated market maker platform is scheduled to activate on February 14th.<h3 id=""></h3><h3 id="introduction-of-amm-platform-and-security-breach">Introduction of AMM Platform and Security Breach</h3>The newly launched platform enables <a href="https://cryptosheadlines.com/xrp-token-holders-to-get-exclusive-airdrop-in-japanese-yen/" rel="noopener noreferrer nofollow">XRP token holders</a> to trade via liquidity pools rather than traditional order books, promoting permissionless trading. These pools, comprising tokens supplied by liquidity providers, facilitate trades with <a href="https://cryptosheadlines.com/trons-trx-token-launched-on-ethereum-blockchain-price-surge-12/" rel="noopener noreferrer nofollow">token prices determined by blockchain</a> oracles.Liquidity providers earn revenue each time a trade occurs using these pools, but this comes with the risk of impermanent loss due to <a href="https://cryptosheadlines.com/rndr-token-price-struggles-will-it-bounce-back/" rel="noopener noreferrer nofollow">price fluctuations altering the token</a> ratio. However, this loss is temporary as the <a href="https://cryptosheadlines.com/tornado-cash-governance-control-to-be-restored-as-token-votes-approve-proposal/" rel="noopener noreferrer nofollow">token ratio can be restored</a> over time, potentially allowing providers to recover their fees.Meanwhile, the approval of the AMM platform coincides with Ripple Chairman Chris Larsen’s revelation that over $120 <a href="https://cryptosheadlines.com/release-of-500-million-xrp-tokens-from-escrow-causes-price-drop/" rel="noopener noreferrer nofollow">million worth of XRP tokens</a> were stolen from some of his personal accounts. Although Larsen didn’t confirm the exact amount reported by <a href="https://cryptosheadlines.com/crypto-analyst-says-no-one-uses-tron-yet-tvl-remarkable/" rel="noopener noreferrer nofollow">crypto analyst</a> ZachXBT, who traced the stolen funds to various trading platforms like MEXC, Gate, Binance, Kraken, HitBTC, and OKX, he promptly notified these exchanges to freeze the affected addresses. Larsen also confirmed the involvement of law enforcement in the investigation.<a href="https://cryptosheadlines.com/shiba-inus-burn-rate-soars-1411-after-shib-price-drop/" rel="noopener noreferrer nofollow">Also Read: Shiba Inu&#39;s Burn Rate Soars 1411% After SHIB Price Drop</a>Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.xrp

XRP Token Holders to Earn On-Chain Income with Approved AMM Platform

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