XRP Nears AMM Implementation as Validators Rally Behind Rippled 2.0.1

  • XRP community rallies behind introducing an automated market maker (AMM).
  • This came amid the release of Rippled v2.0.1, bolstering validator confidence.
  • Over 68% of XRPL validators have endorsed the AMM amendment.

The journey toward introducing an automated market maker (AMM) to XRP’s blockchain is becoming more evident as more network validators have pledged to vote in favor of its implementation.

In a recent post on X, Panos Mekras, co-founder of Anodos Finance, called attention to the release of Rippled version 2.0.1, XRPL’s server software. With the updates accompanying the new version release, Mekras expressed confidence that the arrival of the proposed AMM amendment on the XRP Ledger was now within closer reach than ever before.

Besides, prominent XRP validators have proclaimed their intention to adopt the new Rippled version 2.0.1. For instance, Wietse Wind, the architect of XRPL Labs, disclosed plans to integrate the new software version into the XRPL Labs validator and several of their nodes.

Following the installation, Wind stated that if the implementation proceeds without any issues, he intends to vote “yes” to the AMM Amendment within the next two weeks.

Likewise, Dirk Schepens, the founder of xSPECTAR, revealed their intention to deploy Rippled 2.0.1. Schepens mentioned that they would evaluate the performance after a short monitoring period and endorse the proposed AMM if everything functions as anticipated.

In a similar vein, the team behind XRP blockchain explorer XRPscan disclosed that the XRPScan validator has been updated to Rippled v2.0.1. Following the update, they are endorsing various amendments to XRPL, including the AMM.

At press time, data from XRPscan suggested that the endorsement for the proposed AMM currently stands at over 68%, as 24 validators have voted “yes” to the amendment. Notably, the successful deployment of the automated market maker hinges on attaining an 80% endorsement from XRPL validators.

The current figure signifies a significant progression since there were only 16 “yes” votes as of December 7. Significantly, the XLS-30D AMM Amendment will give XRP holders a unique opportunity to generate passive income from XRP holdings as it will introduce a liquidity staking pool to the XRP ecosystem.

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