The XRP community has been abuzz with discussions about the XLS-30 amendment, which aims to introduce an Automated Market Maker (AMM) to the XRP Ledger (XRPL). The community is concerned because some validators have not voted for the amendment.
Recall that Ripple CTO, David Schwartz, once showcased his excitement about the launch of the AMM, and this delay does not sit well with many XRp community members.
Some community members claimed that validators on the XRPL are voting against the AMM amendment. They questioned the motivations behind this opposition and sought answers from Schwartz.
Read Also: Ripple CTO Unveils Strategies for XRP Traders to Leverage XRPL AMM for Profit
The Cause of the Delay
Jon Nilsen (@jonaagenilsen), an XRPL validator, has clarified that the delay is not merely about voting rights or minorities but is rooted in the need for a rational decision regarding when to implement the amendment.
He pointed out that immediate implementation would impact over 200 nodes that haven’t upgraded to the latest XRPL version, rippled 1.12.0. Nielsen urged investors to consider what could happen to their XRP tokens if over 30% of nodes were to be affected.
Nilsen’s post was a response to Khaled Elawadi (@KhalidElawadi), who suggested a change to voting on XRPL. Khaled asked that the voting rights of the validators be given to the top 1,000 XRP investors, stating, “I see no reason why a tiny minority of people who may have little invested in XRP/XRPL other than they run a node on a computer have more power over its future than large investors.”
To transfer voting rights of all validators to the top 1000 investors in XRP.
I see no reason why a tiny minority of people who may have little invested in XRP/XRPL other than they run a node on a computer have more power over its future than large investors.
— Khaled Elawadi.XRP (@KhaledElawadi) October 21, 2023
The Community’s Response
Khaled’s post received backlash from prominent XRP community figures pointing out the flaws in the plan. Andrzej Mackowiak (@focus_kermit) pointed out that investors could disappear after making a quick profit.
On the other hand, validators have “skin in the game” because they’ve invested so much to keep XRPL running. He also pointed out that most decisions would be driven by greed, not a desire to improve the network.
He wrote, “You cannot compare the effort of Validators to run nodes with simply buying XRP on the exchange and relying on that for the security of the network.”
Wietse Wind (WietseWind), the founder of XRPL Labs, also added to the debate about what one user called “AMMGATE.” Wietse Wind cautioned against rushing the process. He stated that the AMM would benefit the community, but they should avoid greed.
Meanwhile, a tech expert once shared ways people could make passive income on the XRPL AMM, and the eagerness of the community to see it launched is understandable because of its benefits.
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