Maker

2024

Bitcoin ETF

Glitch

RippleX, the development arm of the blockchain-based digital payment protocol Ripple, has disclosed a technical glitch that impacts some of the Automated Market Maker (AMM) pools on the <a href="https://coingape.com/breaking-amm-feature-goes-live-on-xrp-ledger-xrpl-mainnet/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">XRP Ledger</a>. This issue has affected the smooth running of transactions within these pools, causing management to release a notice to its user base concerning fund deposits.
<h2 id="technical-discrepancies-on-the-xrp-ledger">Technical Discrepancies on the XRP Ledger</h2>
The technical team at RippleX has found a certain mismatch within a restricted number of AMM pools on the XRP Ledger, leading to transactions being processed incorrectly. The matter has worried many about how these pools are going to function, which is fundamental to the liquidity and trading operations of the platform. RippleX has, as a result, admitted the issue and is now working with the community members to come up with a solution.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We’ve identified a discrepancy in a few AMM pools, in which transactions are not executing as intended. Our engineering team is working to resolve the issue alongside community participants. Out of an abundance of caution, it’s best not to deposit new funds into AMM pools for…
 — RippleX (@RippleXDev) <a href="https://twitter.com/RippleXDev/status/1771680918895558913?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 23, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Due to the continuing technical issue, RippleX has recommended its users to no longer deposit funds into the affected AMM pools. This preventive action is meant to eliminate any possible complications that the current glitch may cause. In this regard, those who have liquidity provider (LP) tokens in these pools are advised to redeem them until the matter is resolved.
<h2 id="engineering-team-in-action">Engineering Team in Action</h2>
RippleX’s engineering team is working on the bug and concentrating on recovering the normal <a href="https://coingape.com/ripple-cto-unveils-safer-practices-xrp-ledger-amm-goes-live/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">AMM pool</a> operations. The company has, in addition, assured its determination to solve this problem as soon as possible and has been in touch with the community members who are helping them in the troubleshooting process.
Transparency and updates provided on time have been emphasized by RippleX in order to make users aware of the steps being taken to fix the error. As a result, the <a href="https://coingape.com/ripple-cto-david-schwartz-debuts-trading-bot-based-on-xrpl-amm/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">XRP Ledger</a> users and the AMM pool stakeholders are recommended to look out for updates from RippleX through its official communication media.
<h2 id="user-advisory-and-next-steps">User Advisory and Next Steps</h2>
In the interim, RippleX has given recommendations to the users of the XRP Ledger, especially those who participate in the AMM pools. The advisory suggests stopping depositing new funds into the AMM pools until the technical issue is completely resolved. Additionally, for those who have already invested in these pools, there is a suggestion to redeem their LP tokens as a precautionary measure.
Read Also: <a href="https://coingape.com/bitcoin-news-btc-etf-weekly-outflows-reach-900m-amid-crypto-market-crash-what-next/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">Bitcoin ETF Weekly Outflows Reach $900M Amid Crypto Market Crash, What’s Next?</a>
The post <a href="https://coingape.com/ripplex-addresses-tech-glitch-in-xrp-ledger-amm-pools/" rel="noopener noreferrer nofollow">RippleX Addresses Tech Glitch in XRP Ledger AMM Pools</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

RippleX Addresses Tech Glitch in XRP Ledger AMM Pools

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