The XRPL blockchain recently underwent a validator upgrade to 2.1.1. The launch hit a snag when community members found a bug in a few AMM pools, creating discrepancies in the transactions’ execution. After a thorough investigation, the team, including RippleX, discovered the complex payment path scenarios of the DEX payment engine, which routes liquidity through AMM pools and order books, as the main culprit.
As per the latest update, the team has implemented the fix, which is being reviewed, tested, and prepared for release as soon as possible. The fix requires an amendment to the XRP Ledger protocol, which network validators must vote in and maintain over 80% support for the normal 2-week period before activation. Until the fix is enabled on the network, the team cautioned all nodes and validators against depositing new funds into AMM pools, and those holding LP tokens should consider redeeming them.
The AMM bug fix is open for review on GitHub and will be in the 2.1.1 release of Rippled. We’ll also publish a blog post tomorrow with more info about what happened and the next steps. The AMM bug fix is now available in the 2.1.1 release of rippled, and open for UNL validators to vote after they update their nodes to the latest release. Devs are laser-focused on a fix. It is currently being reviewed and stringently tested. As said previously, users should redeem LP tokens and not deposit new funds into AMM pools until this fix is live and voted in via the amendment process.
A Proposal On XRPL Governance Structure
Previously, David Fuelling, a well-known engineer at RippleX, sparked discussions in the XRP community after outlining a comprehensive proposal for the overhaul of the governance structure of the XRP Ledger Foundation [XRPLF]
Amidst mixed reactions, David “JoelKatz” Schwartz, CTO at Ripple, lauded Fuelling’s gesture, affirming that the XRPLF was receptive to the proposal. Describing the proposal as a “straw man,” Schwartz said such individual ideas help stimulate open dialogue and gather diverse suggestions. He emphasized that there is no pressure to adopt the proposal as-is, presenting it as a starting point for collaborative refinement and exploration.