- XRPL community has released XLS-30d, calling for testing and development.
- XLS-30d is the technical specification to build a native AMM on the XRP Ledger.
- Previously, XRPL DeX provided liquidity by manual market making and order books.
RippleXDev, the developer community of the XRP blockchain, has released a new tool, XLS-30d, in favor of those who provide liquidity to minimize the risk of losses due to volatility.
The developer community made the announcement about the development yesterday on Twitter, noting that the XLS-30d spec has become available for testing and development. XLS-30d represents the technical specification to build a protocol native automated market maker (AMM) integrated with the order book-based DEX on the XRP Ledger.
Previously, the XRPL decentralized exchange (DeX) provided liquidity exclusively by manual market making and order books. And, according to Aanchal Malhotra, a technical writer at Ripple, the XLS-30d proposal adds non-custodial AMM as a native feature to the XRPL DeX in a way that provides increased returns to liquidity providers, minimizing the risk of losses due to volatility.
Furthermore, Malhotra added:
This expansion was proposed to bring additional exchange functionality and utility to XRPL token holders, to enable enterprise developers to build high-performance applications for their users using the right tools and technical documentation.
Furthermore, RippleX intends to propose an update to introduce XLS-30d to the XRPL mainnet after thorough testing and community feedback. The proposal would be rigorously examined and scored by the decentralized XRPL validator community. A functioning AMM protocol, as described in XLS-30d, will become live, open-source technology on the XRP Ledger if more than 80% of the validators approve the proposal and the approval stays at or above 80% for at least two weeks.
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