Ripple's AMM XLS30d gets a clean audit
CertiK has assessed its security and confirmed its adherence to high-security standards, highlighting its importance in the evolution of decentralized exchange functionality.
An AMM is a kind of protocol used in decentralized exchanges which determines the price of assets using specific mathematical calculations. Instead of using an order book like a traditional exchange, where buyers and sellers create orders at different prices, an AMM sets the price of a token based on a pricing algorithm. In an AMM, liquidity providers deposit pairs of tokens into a liquidity pool.
Established in 2018, CertiK primarily focuses on identifying potential vulnerabilities in blockchain protocols and smart contracts to ensure their safety and correctness.
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