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- 🔥 Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event - 5 Days Left!
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- 📢 Gate has released its latest Proof of Reserves report!
As of July 11, 2025:
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- 📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
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📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
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✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
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Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
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When Are AMMs Coming To XRP Ledger? Ripple CTO Gives Clear Answer
Following the announcement that the AMM functionality would be proposed as an amendment under the latest rippled version, many in the XRP community have continued to wonder how soon it could be implemented if passed. As a result, Ripple’s Chief Technology Officer (CTO) David Schwartz has provided some answers to the community to quench speculations.
How Soon The AMM Implementation Could Happen
In response to a tweet asking how soon the AMM will go live on the ledger after voting, Schwartz stated that it should be enabled on the XRP Ledger (XRPL) “in about two weeks” if most validators vote yes to the proposal
The voting process kickstarted on September 7 following the announcement by Ripple’s developers. However, it seems that validators haven’t looked through the proposal yet or taken action. To the best of his knowledge, Schwartz mentioned that no validator has voted yes to the proposal yet, and 80% of validators need to vote yes for the amendment to be passed
He further gave his opinion on how the process should go, as he believes “validators shouldn’t vote yes individually.” Rather, the decision should lie with the community, with the validators voting in favor of the amendment if they “believe” the community supports it
Contrary to what many may think, the amendment process isn’t “supposed to be a governance mechanism,” according to Schwartz. Instead, the aim of the voting process is to “coordinate activation and prevent activation if a problem is discovered.” He emphasized that validators should be guided by the community’s decision, not what “they think is best.”
Bitcoin approaching the $28K level on the weekly chart: TradingView.com
Schwartz’s Role In Ensuring Amendment Is Passed
In a subsequent tweet, the Ripple CTO mentioned that he was going to review the performance testing results in the next few days and run a “few code checks” using feedback that he had gotten from several people. If everything works out fine and no “new objections surface,” Schwartz mentioned that he will “start asking people to consider voting yes.”
Meanwhile, Ripple’s developers confirmed in a tweet that they have completed the extensive performance testing of the AMM feature. If adopted, this AMM functionality will bring “automated swap, trading, and liquidity provisioning capabilities to the ledger.” Community members also have a chance to earn passive income by acting as liquidity providers (LPs) to the eco
Many in the XRP community seem to have welcomed the idea of a novel AMM feature on the XRPL, as it could help improve liquidity on the network and enhance faster and seamless trading
However, the same cannot be said about the ‘Clawback feature,’ another proposed amendment under the latest rippled version. Despite Schwartz defending the feature, many in the community argue that it undermines the essence of blockchain technology and decentralization.
Featured image from CoinCodex