Ripple’s Chief Technology Officer, David Schwartz, is pushing for XRP Ledger (XRPL) validators to endorse the adoption of an automated market maker (AMM) feature, emphasising the necessity of community agreement before implementation.
In a discussion on X (previously Twitter), Schwartz expressed his interest in the XRPL’s AMM feature, labelling it as a compelling aspect of decentralised finance. The XRP Ledger, recognized for its speed and scalability, particularly in cross-border payments and remittances, operates as a decentralised blockchain with XRP as its native asset.
Responding to a query about the timeline for AMMs becoming operational on the XRPL post-governance voting, Schwartz suggested that if the majority supports the amendment, the changes could be integrated in as little as two weeks.
While underscoring the importance of a majority vote, Schwartz clarified that, to his knowledge, no validators currently back the franchise. The AMM feature was introduced with the release of rippled version 1.12.0 and the potential clawback feature, not merely as a new trading engine but also to facilitate integration with the XRPL decentralised exchange.
Despite the significance of the feature, Schwartz advised validators against independent voting for these modifications. Instead, he stressed that “the community should reach a consensus first, and then validators should overwhelmingly vote YES when they perceive that the community is in agreement and sufficient nodes endorse the adjustment.”
Apart from his significant role at Ripple, Schwartz is known for his informative articles and commitment to promoting decentralisation. Recently, he clarified misconceptions surrounding the clawback feature, positioning it as a protective measure for developers within the XRPL ecosystem rather than an intrusion on users.