RippleX Issues Warning Over AMM Pool Disruption Due to Technical Glitch

Crypto News- Recent revelations from RippleX’s development arm have unveiled a troubling technical snag affecting the Automated Market Maker (AMM) pool on the XRP Ledger. Shedding light on the issue, Ripple’s CTO, David Schwartz, took to X forum to dispel concerns, clarifying that the glitch wasn’t spurred by the single-sided deposit feature.

Schwartz’s reassurance follows RippleX’s official disclosure of a “discrepancy” causing disruptions in transactions and liquidity pools across the XRP Ledger. Explaining further, RippleX highlighted, “The discrepancy impacted the routing of liquidity through AMM pools and order books in certain complex payment paths.”

RippleX Issues Warning Over AMM Pool Disruption Due to Technical Glitch

The announcement coincided with Ripple’s jubilant announcement on March 22, heralding the successful integration of AMM on XRPL. Schwartz commended the team’s relentless two-year endeavor to bring AMM to life on XRPL.

AMM pools, pivotal in decentralized exchanges (DEXs), streamline trading sans traditional order books, emphasizing liquidity provision.

Schwartz’s recent forum post delved into the intricacies of AMM’s single-sided deposit feature, offering insights into its functioning.

RippleX issued a cautionary note to users, advising against further deposits into AMM pools. Additionally, users holding LP tokens were urged to redeem them promptly. Assuring the community, RippleX pledged swift resolution, with the engineering team collaborating with community stakeholders to address the issue.