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RippleX is dealing with a glitch in XRP Ledger’s AMM pools and recommending users to temporarily cease deposits and redeem LP tokens until the problem is fixed.
RippleX, the development branch of the blockchain-driven payment protocol Ripple, has revealed a technical snag affecting certain Automated Market Maker (AMM) pools on the XRP Ledger. This hiccup has disrupted transaction flow within these pools, prompting management to issue a notice to users regarding fund deposits.
Technical Inconsistencies Identified on the XRP Ledger
The technical team at RippleX has identified a discrepancy in a limited number of AMM pools on the XRP Ledger, resulting in transactions being processed inaccurately.
This has raised concerns about the functionality of these pools, crucial for the platform’s liquidity and trading operations. RippleX has acknowledged the issue and is collaborating with community members to find a solution.
In light of ongoing technical challenges, RippleX advises users against depositing funds into the affected AMM pools. This precautionary measure aims to mitigate potential complications arising from the current glitch. LP token holders in these pools are encouraged to redeem their tokens until the issue is resolved.
Engineering Team Operational
RippleX’s engineering team is actively addressing the bug and focusing on restoring normal AMM pool operations. Additionally, the company has reaffirmed its commitment to resolving the issue promptly and has engaged with community members assisting in the troubleshooting process.
RippleX emphasizes the importance of transparency and timely updates to keep users informed about the progress of the error resolution. XRP Ledger users and AMM pool stakeholders are encouraged to stay informed by monitoring updates from RippleX through its official communication channels.
Guidance for Users and Future Actions
During this period, RippleX has advised users of the XRP Ledger, particularly those involved in AMM pools, to refrain from depositing new funds until the technical issue is fully addressed. Additionally, for individuals who have already invested in these pools, it is recommended to redeem their LP tokens as a precautionary step.
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