CERTIK COMPLETES SECURITY AUDIT OF AUTOMATED MARKET MAKER ON XRP LEDGER

KUALA LUMPUR, July 12 (Bernama) -- CertiK, a leader in blockchain security and auditing, announced the completion of a comprehensive security audit for XLS-30d, an innovative Automated Market Maker (AMM) built on the XRP Ledger (XRPL).

The XRPL is a Layer 1 open-source, energy-efficient and decentralised blockchain powered by a global developer community, according to a statement.

“XRPL’s AMM implementation represents an important evolution in decentralised exchange functionality, and we are honoured to have been able to ensure it meets the highest standard of security,” said CertiK Chief Business Officer, Jason Jiang.

The AMM, developed under the technical specification XLS-30d proposed by Ripple has been designed to extend the exchange functionality and utility for XRPL token holders and builders on the XRP Ledger.

CertiK’s audit was an extensive process, meticulously examining the underlying smart contract architecture for potential vulnerabilities and assessing the overall security of the AMM implementation.

Key features of the XLS-30d AMM, as validated by CertiK, include a protocol native build, a continuous auction mechanism, single-sided liquidity provision, no Miner Extractable Value (MEV) or front-running, and CLOB DEX integration.

CertiK's audit confirms that the AMM built on the XRPL meets the highest standards of security, demonstrating CertiK and Ripple’s shared commitment to advancing the security and reliability of the global blockchain ecosystem.

-- BERNAMA