XRP Ledger Introduces Earnings Opportunity via Automated Market Maker (AMM)

Exciting Update for XRP Community

Bob Ras, who co-founded the smart-contract-enabled blockchain Coreum and Sologenic, has unveiled an earning opportunity for XRP users through the Automated Market Maker (AMM) functionality. XRP Ledger users are looking forward to potential gains stemming from the newly introduced cross-chain bridge feature, which is set to enhance asset transfers between Coreum and the XRP ledger.

Cross-Chain Bridge to Unleash Potential

Initially, the bridge will support the transfer of COREUM tokens only, with plans to expand to all issued assets. This development would allow users to issue smart contracts on Coreum using assets developed on the XRP ledger. Expectations are high as this could lead assets on the ledger, like XRP, to participate in AMM pools on Coreum, thereby unlocking greater value and utility.

AMM Activation Countdown

The XRP community eagerly anticipates the activation of the AMM, with the launch date set for February 14, 2024. A recently held vote showed overwhelming support, with 85.71% consensus among dUNL validators. As the activation date approaches, excitement within the community continues to build, with significant trading implications expected for XRP.