Canary

Maker

Shiny

<p>Following the <a href="https://x.com/ripplexdev/status/1771271093468193241?s=46" rel="nofollow" target="_blank">official launch</a> of XRP Ledger’s (XRPL) <a href="https://www.newsbtc.com/analysis/xrp/ripple-amms-to-xrpl-xrp-price/" rel="nofollow noopener" target="_blank">Automated Market Maker (AMM)</a>, XLS-30, on March 22, developers unearthed various discrepancies linked to a system bug. As a result, an XRPL developer has called for a fix, highlighting the need for enhanced testing procedures and the incorporation of a Canary Network to bolster the AMM’s stability.&nbsp;</p> 
<h2 id="xrpl-s-new-amm-encounters-unexpected-bug">XRPL’s New AMM Encounters Unexpected Bug</h2> 
<p>On March 24, the RippleX development team <a href="https://x.com/ripplexdev/status/1771680918895558913?s=46" rel="nofollow" target="_blank">unveiled</a> a technical glitch in its newly launched AMM. The revelation comes as a <a href="https://x.com/maria06801698/status/1771969474310127774?s=46" rel="nofollow" target="_blank">surprise</a> to the general XRPL community, as they had been eagerly waiting for the <a href="https://www.newsbtc.com/xrp-news/xrp-not-bank-stablecoin-post-amm/" rel="nofollow noopener" target="_blank">protocol to roll out</a>.&nbsp;</p> 
<p>According to the official statement released by the <a href="https://bitcoinist.com/ripple-releases-amm-devnet-unlocks-defi-potential/">RippleX team</a>, the technical glitch surfaced as a result of multiple discrepancies identified in several <a href="https://www.newsbtc.com/analysis/xrp/ripple-cto-amm-xrp-income/" rel="nofollow noopener" target="_blank">AMM pools</a>. Upon investigation, the team revealed that the inconsistencies had “affected how the DEX payment engine routes liquidity through the AMM pools and order books.”</p> 
<p>Addressing the issue, the development team has assured users that the engineering team were working diligently to resolve the bug issue and restore normal operation in the <a href="https://bitcoinist.com/ripple-cto-breaks-down-the-amm-feature/">AMM</a>. Additionally, they have advised users to remain cautious and avoid depositing new funds into the AMM pools until the dilemma has been rectified.</p> 
<p>Despite the temporary setback, optimism remains in the <a href="https://bitcoinist.com/primary-threat-to-xrp-ledger-uncovered/">XRPL</a> community, with many <a href="https://x.com/gootecks/status/1771974042817528258?s=46" rel="nofollow" target="_blank">expressing</a> confidence in the development team’s ability to swiftly address the issue. The RippleX team has also <a href="https://x.com/ripplexdev/status/1771961354297241930?s=46" rel="nofollow" target="_blank">stated</a> that it has begun reviewing several proposed fixes for the AMM glitch, highlighting that the proposals will have to go through an amendment voting process before any solution is implemented.&nbsp;&nbsp;</p> 
<h2 id="xrpl-dev-calls-for-canary-network">XRPL Dev Calls For Canary Network</h2> 
<p>In response to the <a href="https://bitcoinist.com/ripple-xrp-ledger-amm-launch-not-affected/">technical challenges </a>faced by XRPL’s new AMM, WietseWind, one of the developers of the <a href="https://bitcoinist.com/xrp-ledger-foundation-ripplex-governance-overhaul/">XRP Ledger</a> has <a href="https://x.com/wietsewind/status/1771998717832278162?s=46" rel="nofollow" target="_blank">proposed</a> a long-term solution that could potentially ensure a more stable protocol. According to the developer, the discovery of a bug in the newly <a href="https://bitcoinist.com/coreum-founder-teases-gains-for-xrp-users-with-amm/">launched AMM</a> is evidence of the fragility of the protocol, emphasizing a lack of proper testing before launch.</p> 
<p>WietseWind has stated the need for the development of a Canary Network to enhance and improve the AMM. He revealed that the Canary Network will have to be separate from the AMM, while also offering a native asset of some value so individuals can use it for real-life scenarios.</p> 
<p>The developer has disclosed that the Canary Network would enable better testing with real value on a network that is not the mainnet. Additionally, it would be an inclusive network for the developers, projects, and everyone within the <a href="https://bitcoinist.com/xrps-underperformance-ruffles-feathers-as-community-asks-ripple-to-do-something-about-price/">XRPL community.</a></p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/ARb5diBS/" alt="XRP price chart from Tradingview.com" width="3286" height="1530"></p>

XRP Ledger’s Shiny New AMM Runs Into Problems – Here’s What We Know

Tabla de contenidos

Bitcoinist

Otros artículos publicados el 25 mar 2024

Avanza Innovations’ Fragments Sparks a Revolution in Real-World Asset Tokenization

Binance Academy and BNB Chain introduce innovative developer training program

Community Outcry as Polkadot Memecoin DED Slashes Airdrop Benefits

Post-Halving Bitcoin: Predictions for Price and Network Safety in the New Landscape

Goldman Sachs Clients Interested in Bitcoin as Halving Nears

Bitget Lists TON Fish (FISH), an innovative memecoin on TON Blockchain

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!