Blockchain security firm CertiK has conducted a security audit on Ripple's XLS-30d, an automated market maker developed on top of the XRP Ledger, and confirmed its adherence to high-security standards.

The XLS-30d proposal brings new features such as new transaction types, voting on trading fees, and a continuous auction mechanism. An automated market maker is a protocol used in decentralized exchanges that sets the price of a token based on a pricing algorithm, and liquidity providers deposit pairs of tokens into a liquidity pool.

The successful audit of Ripple's XLS-30d highlights a shared commitment between Ripple and CertiK to enhance the security and reliability of the blockchain ecosystem.