Maker

Passive Income

<p>The post <a href="https://coinpedia.org/news/ripple-news-xrp-holders-are-60-closer-to-generate-passive-income-heres-how/">XRP Holders are Now 60% Closer To Generating Passive Income; Here’s How</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a recent tweet, Panos Mekras, founder of Anodos Finance, shared promising news for the XRP Ledger community. A strong 60% consensus has been achieved with 20 validators voting in favor of the XLS-30D Automated Market Maker (AMM) Amendment, signaling a potential approval.</p> 
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   <p lang="en" dir="ltr">20 UNL validators are now voting Yes on the <a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw">#XRPL</a> AMM amendment. We are getting closer. <a href="https://t.co/2JR5mdf6av">https://t.co/2JR5mdf6av</a> <a href="https://t.co/MbULZDzSJw">pic.twitter.com/MbULZDzSJw</a></p>— Panos 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53c.png" alt="🔼" class="wp-smiley" style="height: 1em; max-height: 1em;">{X} (@panosmek) <a href="https://twitter.com/panosmek/status/1749548255925469335?ref_src=twsrc%5Etfw">January 22, 2024</a>
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<p>Exciting news all around, right? There’s more to explore – read on.</p> 
<h2 class="wp-block-heading" id="h-xls-30d-amm-amendment">XLS-30D AMM Amendment</h2> 
<p>Originally disclosed with a 57.14% consensus, XRPL blockchain explorer XRPScan’s data indicates a <a href="https://xrpscan.com/amendment/AMM">60% approval rate,</a> with 21 validators endorsing the AMM amendment. This marks a remarkable increase from the previous rate of 16 yes and 18 no votes on December 7.</p> 
<p>Beyond a mere update, the XLS-30D AMM Amendment holds significant promise for XRP holders. By integrating AMM functionality into the XRPL, users can contribute liquidity to decentralized exchanges, earning a share of profits with managed exchange risks.</p> 
<p>Fundamentally, the amendment introduces a liquidity staking pool, inviting XRP holders to actively participate. Each AMM instance has a dedicated account, securing assets and issuing liquidity pool tokens to contributors. Holders can influence the AMM’s trading fee based on their LP asset share.</p> 
<h2 class="wp-block-heading" id="h-the-community-is-buzzing">The Community is Buzzing!</h2> 
<p>The community’s interest in AMM liquidity provider services is evident, with 75% expressing a willingness to participate in a <a href="https://www.stedas.hr/automated-market-maker-guide-amm.html">Stedas poll</a>. The potential introduction of smart contract functionality, requiring an 80% validator endorsement, opens doors for XRP holders to diversify earnings.</p> 
<p>Addressing concerns about market volatility and manipulation, the XLS-30D code base underwent a thorough audit by CertiK, scoring an impressive 95/100 for security.</p> 
<p><strong>What next?</strong></p> 
<p>With increasing consensus, the XRP community anticipates new opportunities for passive income. The journey towards potential AMM Amendment approval is paving the way for a brighter future.</p>

XRP Holders are Now 60% Closer To Generating Passive Income; Here’s How

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