Ripple XRPL Expanding DeFi Capabilities

Ripple is preparing to expand decentralized finance (DeFi) capabilities with a new automated market maker (AMM) protocol on the XRPL blockchain, which forms the fundamental infrastructure of Ripple. Called XLS-30, this protocol is being developed in collaboration with the XRPL community and is being introduced as a new feature that will add value to the blockchain ecosystem. Ripple and DeFi Integration The AMM aims to expand XRPL’s DeFi capabilities and enable cross-chain use cases. The current XRPL DEX executes trades based on a traditional order book and lacks the advanced features offered by new DeFi protocols. A Ripple spokesperson indicates that the AMM forms the basis for further DeFi development on XRPL and that integration with cross-chain services will increase access to XRPL-based DeFi solutions. Compatibility with services like Axelar is expected. Interaction of AMM with DEX The AMM aims to offer a different trading mechanism alongside XRPL’s current DEX […]

Ripple XRPL Expanding DeFi Capabilities

Ripple is preparing to expand decentralized finance (DeFi) capabilities with a new automated market maker (AMM) protocol on the XRPL blockchain, which forms the fundamental infrastructure of Ripple. Called XLS-30, this protocol is being developed in collaboration with the XRPL community and is being introduced as a new feature that will add value to the blockchain ecosystem.

Ripple and DeFi Integration

The AMM aims to expand XRPL’s DeFi capabilities and enable cross-chain use cases. The current XRPL DEX executes trades based on a traditional order book and lacks the advanced features offered by new DeFi protocols. A Ripple spokesperson indicates that the AMM forms the basis for further DeFi development on XRPL and that integration with cross-chain services will increase access to XRPL-based DeFi solutions. Compatibility with services like Axelar is expected.

Interaction of AMM with DEX

The AMM aims to offer a different trading mechanism alongside XRPL’s current DEX system. This could provide a more efficient trading environment for highly liquid pairs. The Ripple team notes that the AMM is a system that enables integration with order books and allows liquidity providers to earn yield. The AMM also allows developers to create liquidity pools for any asset pair on XRPL.

While the target audience for AMM is not institutional investors, it is suggested that it could be beneficial for high-volume investors and firms. Ripple confirms that the current DEX is complemented by AMM and may be suitable for large financial institutions. As a result, the goal is for AMM to serve a wide range of users with its addition to DEX.

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