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I just purchased a 2010 yukon XL Denali w/ 56k miles on it. Is there any schedule maintenance I have to do soon? And I'm reading about this AFM how does it work and is it beneficial or not?
Yes, AFM is synonymous with DOD or Displacement On Demand.
The LY6 is a 6.0 iron block motor and does not have AFM at all. The 2010 models have VVT (Variable Valve Timing) as do most engines made then and thereafter.
AFM failures do happen but is nearly always caused by poor maintenance habits. Keep clean oil in your motor and it shall serve you well.