๐ Ripple CTO David Schwartz proposes integrating an automated market maker (AMM) feature with the XRP Ledger (XRPL) to enable decentralized exchanges (DEXs) on the platform. However, he stresses the need for community consensus before implementation. ๐ค
๐น AMMs are decentralized exchange solutions that use a mathematical formula to determine asset prices based on supply and demand.
๐น If the majority supports the amendment, changes could be implemented in as little as two weeks.
๐น Schwartz also urged caution for those considering investing in XRP through an AMM, highlighting potential risks and limited potential for significant gains.
๐ฌ What do you think about integrating AMMs with XRPL? Share your thoughts in the comments! ๐
๐น AMMs are decentralized exchange solutions that use a mathematical formula to determine asset prices based on supply and demand.
๐น If the majority supports the amendment, changes could be implemented in as little as two weeks.
๐น Schwartz also urged caution for those considering investing in XRP through an AMM, highlighting potential risks and limited potential for significant gains.
๐ฌ What do you think about integrating AMMs with XRPL? Share your thoughts in the comments! ๐