AMM on XRP (Di-Fi)

UK Center for Blockchain Technologies organised an academic session on Automated Market Makers (#AMM) within the #XRP ledger as part of its #seminar series.

The event was hosted by UCL and featured Vytautas Vito Tumas, PhD, a senior researcher and software engineer at Ripple who offered his views on the topic, leaving the audience with a list of interesting questions to explore for the future.

A great takeout is that the XRPL AMM promises "integrated directly at the ledger’s consensus layer and protocol level, promising higher efficiency and lower costs by taking advantage of native transaction speed. This consensus layer and protocol-level implementation on XRPL distinguishes it from smart contract-based AMMs by potentially offering faster transactions and reduced fees, which is particularly beneficial for DeFi applications."

Walter J. Hernandez, Jiahua Xu, Aanchal Malhotra, Dr Paolo Tasca and Yebo Feng from DLT Science Foundation, Ripple and UCL did some testing on this which can be read here: https://www.dltscience.org/news/xrpl-amm. As it is in its early stage and as more users engage with it, it will continue to evolve.

A special thanks to all attendees for the engaging session, for those who could not attend we hope you enjoy the recording!