The AMM feature on the XRPL, introduced to control price fluctuations poses a significant threat to the amendment's success.
Amidst the upcoming launch of Automated Market Makers , David Schwartz, Ripple’s Chief Technical Officer , expressed skepticism about its effectiveness in reducingHe outlined that the AMM feature might change the current trading approaches employed by market players.
“While volatility harvesting does, at least in theory, reduce volatility, I don’t think AMMs on the XRPL DEX will cause a meaningful decrease in XRP price volatility any time soon.” They’ve noted the asset’s lack of significant price fluctuations, contrasting it with the broader market’s upward trend.Hence, the amendment’s success, previously supported by 85.7% of validators, now faces a serious threat due to this development.
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