前 Ripple 工程師分析 USDC/XRP 自動做市商失衡

Ripple Labs 前高級軟體工程師 Neil Hartner 闡述了困擾 USDC/XRP 自動做市商 (AMM) 池的持續不平衡問題。 Hartner 揭示了這一現象背後的技術複雜性，強調了鑄造 USDC 的周期性延遲是一個促成因素。這種不平衡的出現是由於 USDC 的很大一部分被鎖定在資金池中，這給尋求迅速恢復平衡的套利者帶來了挑戰。

USDC/XRP Automated Market Maker Imbalance: A Technical Examination

USDC/XRP 自動做市商失衡：技術檢查

Neil Hartner, a former Senior Software Engineer at Ripple Labs, has conducted an in-depth analysis of the persistent imbalance plaguing the USDC/XRP Automated Market Maker (AMM) pool. In a detailed disclosure, Hartner unravels the technical complexities underlying this phenomenon, shedding light on user queries and elucidating the intricacies of AMMs.

Ripple Labs 前高級軟體工程師 Neil Hartner 對困擾 USDC/XRP 自動做市商 (AMM) 池的持續不平衡問題進行了深入分析。在詳細披露中，Hartner 揭示了這一現象背後的技術複雜性，闡明了用戶查詢並闡明了 AMM 的複雜性。

Understanding the Imbalance

了解不平衡

Hartner pinpoints the peculiar nature of the USDC/XRP AMM pool, attributing its imbalance to intermittent delays in the minting of USDC. These delays result in the majority of USDC being locked within the pool, creating obstacles for arbitrageurs seeking to restore equilibrium swiftly.

Hartner 指出了 USDC/XRP AMM 池的特殊性質，將其不平衡歸因於 USDC 鑄造的間歇性延遲。這些延遲導致大部分 USDC 被鎖定在池內，為尋求迅速恢復平衡的套利者造成障礙。

Addressing user inquiries, Hartner explains that the imbalance originates from users making strategic missteps by opting for single-sided deposits into an already unbalanced pool. Despite queries regarding the minimal deviation from equilibrium, Hartner clarifies that even marginal discrepancies indicate a disparity between the AMM rate and the prevailing exchange rate.

在回答用戶詢問時，哈特納解釋說，這種不平衡源於用戶選擇將單邊存款存入已經不平衡的池中而犯下的戰略失誤。儘管有人質疑與均衡的最小偏差，哈特納澄清說，即使是邊際差異也表明 AMM 匯率與現行匯率之間存在差異。

Questions pertaining to the viability of depositing a single asset into the AMM function were also addressed. Hartner delineates that while such a transaction is feasible through a decentralized exchange (DEX) trade followed by a double-sided deposit, the process entails multiple transactions, posing potential usability hurdles for end-users. In Hartner's assessment, "The USDC/XRP AMM pool is an intriguing case study due to its persistent imbalance."

也討論了與將單一資產存入 AMM 功能的可行性相關的問題。 Hartner 指出，雖然透過去中心化交易所（DEX）交易然後進行雙面存款來進行此類交易是可行的，但該過程需要進行多次交易，給最終用戶帶來了潛在的可用性障礙。在 Hartner 的評估中，“USDC/XRP AMM 池由於其持續不平衡而成為一個有趣的案例研究。”

XRPL AMM Enhancements

XRPL AMM 增強功能

In response to the challenges encountered by the AMM engine, XRP Ledger (XRPL) developers have implemented a crucial amendment, "fixAMMOverflowOffer." This update rectifies the container overflow issue identified after the engine's launch, thereby ensuring the seamless operation of AMM pools on DEXes.

為了應對AMM引擎遇到的挑戰，XRP Ledger（XRPL）開發人員實施了一項至關重要的修正「fixAMMOverflowOffer」。本次更新修復了引擎啟動後發現的容器溢出問題，從而確保了AMM池在DEX上的無縫運作。

Conclusion

結論

Neil Hartner's insights into the USDC/XRP AMM pool imbalance provide invaluable clarification on the technical complexities confronting liquidity providers and arbitrageurs. With the implementation of the "fixAMMOverflowOffer" amendment, the XRPL continues to evolve, bolstering its functionality and resilience within the decentralized finance landscape.

Neil Hartner 對 USDC/XRP AMM 池失衡的見解為流動性提供者和套利者所面臨的技術複雜性提供了寶貴的澄清。隨著「fixAMMOverflowOffer」修正案的實施，XRPL 不斷發展，增強了其在去中心化金融領域的功能和彈性。

Tags:

標籤：

• Ripple (XRP)
• Automated Market Maker (AMM)
• Liquidity Pool
• Arbitrage
• Decentralized Finance (DeFi)

Ripple (XRP)自動做市商 (AMM)流動性池套利去中心化金融 (DeFi)