Ripple CTO Shares New Insight on XRPL AMM Feature Up for Voting

Ripple CTO David Schwartz has encouraged validators within the XRPL to vote for the automated market maker (AMM) feature only if the community is in agreement.

Taking to X, the Ripple CTO recently ignited a conversation about the AMM feature on the XRPL. Per his leading post, Schwartz claimed that “AMMs are the weird defi trick everyone’s talking about,” generating some comments seeking further clarification.

Promoting Decentralization Ethos

With the intriguing post, a community member asked how long it would take before the AMMs would go live on the XRPL after governance voting. Responding, Schwartz said should the amendment be backed by the majority, the changes could come up within two weeks.

Buttressing on this majority vote point, the executive noted that no validator is supporting the vote for now as far as he is aware.

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The AMM feature was introduced with the rippled version 1.12.0, which also introduced the potential Clawback feature. This AMM feature will not just introduce the new trading engine; it will also facilitate a linkage with the XRPL DEX.

Despite the importance that many attach to the feature, Schwartz said validators should not vote solo in their bid to push the changes. 

However, he admonished that “the community should make a decision and then validators should nearly all vote YES when they believe the community is on board and enough nodes support the change.”

Staunch XRPL Advocate

Besides being a top executive in the Ripple ecosystem, David Schwartz is known for his educational posts and advocacy for decentralization. 

Recently, he debunked the misconceptions surrounding the Clawback feature that many believe is designed to intrude on XRPL users. According to him, the Clawback feature is intended to protect developers within the ecosystem from any probable legal risks.

Schwartz believes in the evolution of the XRPL, and he is very vocal in defining his stance.

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• Source: https://thecryptobasic.com/2023/10/08/ripple-cto-shares-new-insight-on-xrpl-amm-feature-up-for-voting/?utm_source=rss&utm_medium=rss&utm_campaign=ripple-cto-shares-new-insight-on-xrpl-amm-feature-up-for-voting