Ripple X developers have released a new XRP Ledger (XRPL) update, rippled 1.12.0, featuring a native Automated Market Maker (AMM) and the Clawback feature.
RippleX, Ripple’s developer platform, has officially revealed the newest version of XRPL in a thread on X. The rippled 1.12.0 update has two notable additions, XLS-30 and XLS-39. These two features are to be integrated into XRPL’s core protocol and RippleX has started the voting procedure. If approved, these upgrades will become part of the XRPL Mainnet.
1/ We’re excited to announce that the XLS-30 AMM spec and XLS-39 Clawback spec have merged to the latest version of rippled 1.12.0.https://t.co/zbg8G4PHsC
— RippleX (@RippleXDev) September 6, 2023
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Comes With Fascinating Features
XLS-30, the first upgrade, will introduce a native AMM to XRPL. This upgrade seamlessly integrates with the XRPL DEX and will allow users to trade their digital assets in automated liquidity pools. It will also give developers access to a wider audience of DeFi stakeholders. This is a feature that the XRP community has been waiting for.
Ripple CTO David Schwartz shared his excitement for it earlier this year in a post on X. He said he was more excited about this than any other feature that had been proposed in the last ten years. Another notable figure in the XRP community also recently revealed how users could make passive income on the XRPL AMM.
XLS-39, the second feature, is also an interesting one that enables the Clawback feature. This allows issuers of digital assets to recover or “claw back” tokens that they have issued. This feature was implemented for regulatory purposes and is turned off by default.
This feature can be very useful if assets are sent to flagged accounts like accounts involved in illegal activities or end up in the hands of bad actors. Once the Clawback feature is enabled, it cannot be disabled on that account.
Users can also only retrieve assets created by their account and must opt-in. However, XRP cannot be retrieved with this feature.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Ripple CTO Addresses Concerns Over XRPL Memos and Potential Misuse by Banks and Governments
Getting These Features on the XRPL Mainnet
As highly anticipated as these features have been, they have to go through the amendment process before they can be launched on the XRPL Mainnet. This requires a significant portion of the validator community to agree with the proposals.
To get approved, the amendment must get a “Yes” vote from a minimum of 80% of the validators. This minimum threshold must also be maintained for two weeks.
Once it can meet these criteria, the proposals will be accepted and the AMM and Clawback features will become part of the XRPL Mainnet.
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