The decentralized finance ecosystem in XRP, managed by its decentralized network XRP Ledger (XRPL), has progressed after adopting the automated market maker(AMM) functionality.
Per a post on X (formerly Twitter) by XRPScan, the first AMM liquidity pools were created just a few minutes after the AMM features went live. Some pools now hold hundreds of millions of tokens, supporting pairs such as XRP/USD and XRP/BTC.
AMM is now live on XRPL mainnet! First few pools are rolling in – https://t.co/RR0LsMcvEG pic.twitter.com/epnT2QESzS
— XRPScan (@xrpscan) March 22, 2024
Automated Market Makers (AMMs) rely on mathematical algorithms to quote cryptocurrency prices and facilitate trades for users through liquidity pols. This approach enables anyone to participate as a liquidity provider to receive trading rewards, and users get instant liquidity through the pools above.
Bringing DeFi Enhancements to XRPL
Ripple Labs announced that the XRP Ledger intended to add an AMM engine into its netw
We współpracy z: https://cryptopotato.com/big-news-for-xrp-ledger-is-an-xrp-bull-run-coming/
