A Clawback amendment Went live on the XRP ledger earlier Friday following a vote of the validator with more than 90% favor.
The amendment means the dollar stablecoin rlusd of ripple, a clawback token, can float and replace directly with XRP Ledger’s Dex, enhancing liquidity and trading options and likely to boost decentralized financial activity (defi) in network.
Clawback refers to tokens with a feature that allows the giver to re -obtain or “claw back” these tokens from the users’ wallets under certain conditions. This feature is usually implemented for adherence to regulation, to recover properties in cases of fraud, illegal activity, or when tokens are sent to accidental addresses.
Friday update will improve compliance with the regulation of the Pools of the Automated Market Maker (AMM) pools of the XRP Ledger, which allows tokens with clawback enabled. It has even changed the type of “ammdeposit” transaction to prevent frozen tokens that will be deposited in AMM.
https://x.com/xrpsscan/status/1885055387088396738
The XRP Ledger features an in-built decentralized exchange (DEX) that allows users to change tokens with each other. An automated market manufacturer (AMM) on the XRP ledger uses pools pools instead of traditional order books to facilitate trade.
The AMM function included the XLS-30D amendment in March 2024 and since the processed more than $ 1 billion in swap volumes. January is that -heral as a standout month for Dex, with over $ 400 million in processed trading.
