Ripple的自動化做市商：在炒作中謹慎行事

Ripple 的 XRP 首次推出自動做市商（AMM），令人興奮，但也引發了擔憂。 CTO David Schwartz 建議謹慎行事，強調單邊 AMM 存款和投資預投 AMM 的風險。

Ripple's Automated Market Makers: A Cautionary Tale Amidst Excitement

Ripple 的自動化做市商：興奮中的警世故事

In the dynamic realm of cryptocurrencies, Ripple's XRP has made a splash with the introduction of Automated Market Makers (AMMs). This innovative feature has sent ripples through the crypto community, sparking both excitement and cautious optimism. However, experts urge investors to tread carefully amidst the hype, emphasizing the potential risks associated with AMMs.

在加密貨幣的動態領域，Ripple 的 XRP 透過引入自動做市商（AMM）而引起轟動。這項創新功能在加密社群引起了軒然大波，引發了興奮和謹慎的樂觀情緒。然而，專家敦促投資者在炒作中謹慎行事，並強調與 AMM 相關的潛在風險。

David Schwartz's Prudent Concerns

大衛·施瓦茨的謹慎擔憂

David Schwartz, Ripple's Chief Technical Officer (CTO), has emerged as a voice of caution amidst the celebratory atmosphere surrounding AMMs. In a series of social media posts, Schwartz has highlighted the perils of single-sided deposits in AMMs, particularly when the deposited funds are dwarfed by the actual investment size.

Ripple 首席技術長 (CTO) David Schwartz 在 AMM 的慶祝氣氛中發出了謹慎的聲音。在一系列社群媒體貼文中，施瓦茨強調了 AMM 中單邊存款的危險，特別是當存入的資金與實際投資規模相形見絀時。

"Single-sided AMM deposits can result in a loss of value stored in the system," Schwartz tweeted, citing the phenomenon of "slippage" as a telltale sign of this risk. Slippage occurs when the executed price differs from the intended price, potentially leading to substantial losses.

施瓦茨在推特上寫道：「單面 AMM 存款可能會導致系統中儲存的價值損失。」他引用「滑點」現像作為這種風險的明顯跡象。當執行價格與預期價格不同時，就會出現滑點，可能會導致重大損失。

Furthermore, Schwartz cautions against investing in heavily reliant pre-investment AMMs. Such investments should not be dismissed as mere inconveniences, he argues, as they represent missed opportunities for all parties involved. However, Schwartz also offers a potential solution for investors caught in this situation, suggesting that they may be able to recover their investment by unilaterally placing an asset that lacks a pool.

此外，施瓦茨警告不要投資高度依賴的投前自動做市商。他認為，此類投資不應僅被視為帶來不便而被忽視，因為它們代表所有相關方都錯失了機會。不過，施瓦茨也為陷入這種情況的投資者提供了一個潛在的解決方案，表明他們或許能夠透過單方面放置缺乏資金池的資產來收回投資。

Safety First: Recommendations for Prudent Investing

安全第一：謹慎投資建議

Schwartz strongly advises users to prioritize safety and explore alternative storage methods if they encounter significant downturns. He recommends that, in the realm of AMM trading, equal amounts should be invested in both assets to mitigate risks.

施瓦茨強烈建議用戶在遇到嚴重衰退時優先考慮安全性並探索替代儲存方法。他建議，在 AMM 交易領域，應對兩種資產進行等額投資，以降低風險。

However, Schwartz clarifies that single-sided deposits in reasonably liquid AMMs are generally safe. As AMM pools expand and trading activity continues to surge, he anticipates a decrease in associated risks. He envisions pools becoming more adept at balancing out, resulting in increased liquidity over time.

然而，Schwartz 澄清說，流動性合理的 AMM 中的單面存款通常是安全的。隨著 AMM 池的擴大和交易活動的持續激增，他預計相關風險將會下降。他預計資金池將變得更加擅長平衡，從而隨著時間的推移增加流動性。

Balancing Risk and Opportunity

平衡風險和機遇

Schwartz's warnings serve as a timely reminder for cryptocurrency users to meticulously assess AMM fees and balances before committing to investments. While AMMs offer the potential for significant gains, they also come with inherent risks that cannot be ignored.

施瓦茨的警告及時提醒加密貨幣用戶在進行投資之前仔細評估 AMM 費用和餘額。雖然自動做市商提供了巨大收益的潛力，但它們也帶來了不可忽視的固有風險。

Investors who wish to venture into the world of AMMs are advised to proceed with caution, following Schwartz's recommendations regarding prudent investment strategies. By understanding and managing the risks, investors can increase their chances of profiting from this innovative technology while protecting their hard-earned assets.

建議希望進入自動做市商領域的投資者謹慎行事，並遵循施瓦茨關於審慎投資策略的建議。透過了解和管理風險，投資人可以增加從這項創新技術中獲利的機會，同時保護來之不易的資產。

Conclusion

結論

Ripple's AMMs have ignited both excitement and caution within the crypto community. While the potential for increased liquidity and efficiency is undeniable, investors must proceed with a clear understanding of the risks involved. By heeding the advice of experts like David Schwartz and implementing prudent investment strategies, investors can navigate the complexities of AMMs and potentially reap the rewards while mitigating the potential pitfalls.

Ripple 的 AMM 引發了加密社群的興奮和謹慎。雖然增加流動性和效率的潛力是不可否認的，但投資者必須清楚地了解所涉及的風險。透過聽取 David Schwartz 等專家的建議並實施審慎的投資策略，投資者可以應對 AMM 的複雜性，並有可能獲得回報，同時減少潛在的陷阱。