Ripple CTO’s “One of the Most Favorite XRPL Features” XLS-30 AMM Proposal Amendment Opens for Voting

Odaily Planet Daily News The RippleX development team recently revealed on the Later, Ripple Chief Technology Officer David Schwartz posted on the X platform that this is one of his favorite XRPL features. According to the RippleX development team, XLS-30 is a groundbreaking protocol that marks the first AMM built into the XRP Ledger, which uses smart contracts and liquidity pools to enable peer-to-peer token swaps, with users providing money to the pool. Earn fees after liquidity. The team stated that XLS-30 will operate in conjunction with local AMMs to enable seamless crypto trading within XRPL’s liquidity pool. According to the update, one of the core modifications of the XLS-30 is the addition of a new continuous auction mechanism. This feature will incentivize arbitrageurs to actively bid and is expected to effectively mitigate the impact of LP’s free losses. (The Crypto Basic)