XRP Ledger: DeFi AMM now live for testing XRPL XRPCommunity XRPArmy XRPthestandard XRPHolders $XRP
Automated market makers are utilized in decentralized finance and allow trading in a permissionless way through the use of liquidity pools.
Developers would be able to test the AMM, build applications and ask questions or provide feedback on their observations. While leveraging the liquidity provision, swap and auction features, developers can also integrate their apps directly with the AMM to power token interactions and trading interfaces.
Earlier in 2022, the RippleX team proposed the XLS-30d technical specification to build a protocol-native automated market maker integrated with the orderbook-based DEX on XRP Ledger.XLS-30d introduces a native AMM protocol to XRPL and a novel auction mechanism that rewards arbitrageurs while lessening the impact of impermanent losses faced by liquidity providers . The AMM would be less vulnerable to front-running because XRPL leverages a federated consensus.
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