RippleX announced that XLS-30, a long-awaited update to the XRP Ledger protocol designed to introduce core DeFi functionalities for XRP holders, is now undergoing stress testing and is almost ready for mainnet activation. Here’s why it’s a crucial milestone for Ripple, XRP Ledger, and XRP in 2023.
XLS-30 AMM tests competed: XRP Ledger becomes DeFi blockchain
Extensive performance testing of the XLS-30 upgrade to the XRP Ledger protocol has been successfully completed. The update is set to natively bring core DeFi features (cross-asset swapping, liquidity provisioning, and trading) to XRPL. This statement was made by the RippleX team on their official X account today, October 7, 2023.
Technically, XLS-30 is the most critical part of the upcoming 1.12.0 update. It will become a major technological advancement for the entire XRP Ledger ecosystem.
In addition to an extensive feature set, the update will introduce several new transaction types that will be integrated with the payment engine.
As Ripple developers recalled, in July 2023, the proposal underwent rigorous third-party audits by the leading blockchain security firm, CertiK.
In early September 2023, the XLS-30 and XLS-39 Clawback updates were merged into the proposed version’s codebase, as covered by U.Today.
When is the mainnet activated?
Over the past 12 months, Ripple developers investigated whether the XRP Ledger mainnet was ready to adopt such updates in terms of compatibility and performance:
To complement a secure codebase, the RippleX team has been conducting continuous performance testing of the XRP Ledger core for over a year. A rigorous methodology has been employed to evaluate ledger and consensus performance and latency to ensure the health of the XRPL Mainnet.
As such, the blockchain has now initiated the referendum procedure on the need to activate the proposed changes to the XRP Ledger mainnet.
If the active nodes supporting the update reach the threshold of 28/35 and maintain it for two weeks, the new 1.12.0 update will be activated.
Additionally, Evernode, an L2 scaling platform on top of XRP Ledger, has completed its audit and is getting closer to launching the public mainnet.
