A top market expert has shed new light on an opportunity for XRP community members to earn passive income.
His idea is hinged on leveraging emerging AMMs on the XRPL to become Liquidity Providers (LPs)
Panos Mekras, a distinguished Financial Consultant and the Founder of DigitalGen has recently shed light on an enticing prospect for XRP holders to harness passive income through the upcoming XRP Ledger (XRPL) Automated Market Maker (AMM).
At the core of Mekras’ insights lies the significance of on-chain liquidity and the pivotal role that AMMs play in maintaining it. Liquidity is a cornerstone of any functioning market, fundamentally influencing asset prices. AMMs, including those integrated into decentralized exchanges, facilitate this liquidity through liquidity pools, where funds are locked within smart contracts to facilitate token swapping.
Crucially, Mekras emphasizes the crucial role of Liquidity Providers (LPs) who contribute to these liquidity pools. These LPs deposit their
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