XRPL 釋放 AMM：改變 Ripple 區塊鏈上的 DeFi

XRPL 釋放了 AMM 的力量，改變了 Ripple 區塊鏈上的 DeFi。這些自動化做市商徹底改變了流動性，取代了手動做市。

Has the XRP Ledger Unleashed the Power of AMMs?

XRP 帳本釋放了 AMM 的力量嗎？

The XRP Ledger (XRPL) has taken a bold step toward a more robust DeFi ecosystem with the integration of Automated Market Makers (AMMs). But what exactly are AMMs, and how do they revolutionize liquidity and trading on the XRPL?

XRP Ledger (XRPL) 透過整合自動做市商 (AMM)，朝著更強大的 DeFi 生態系統邁出了大膽的一步。但 AMM 到底是什麼？它們如何徹底改變 XRPL 的流動性和交易？

What's the Deal with XRPL's AMMs?

XRPL 的 AMM 有什麼關係？

Prior to AMMs, the XRPL's decentralized exchange (DEX) relied on manual market making and central limit order books for liquidity. However, AMMs have introduced a new paradigm, acting as a native feature within the XRPL DEX that automates trading and liquidity provision.

在 AMM 出現之前，XRPL 的去中心化交易所 (DEX) 依靠手動做市和中央限價訂單簿來獲取流動性。然而，AMM 引入了一種新的範式，作為 XRPL DEX 中的原生功能，實現交易和流動性供應的自動化。

How Do XRPL's AMMs Work?

XRPL 的 AMM 如何運作？

XRPL's AMMs create liquidity pools for asset pairs, where prices are determined algorithmically based on the pool's asset ratio. This model is particularly beneficial for trading pairs with lower trade volumes, ensuring constant liquidity and price stability.

XRPL 的 AMM 為資產對創建流動性池，其中價格根據池的資產比率透過演算法確定。此模型對於交易量較低的交易對特別有利，可確保恆定的流動性和價格穩定。

What Makes XRPL's AMMs Unique?

XRPL 的 AMM 有何獨特之處？

Beyond their core functionality, XRPL AMMs boast several unique features:

除了核心功能之外，XRPL AMM 還擁有幾個獨特的功能：

• Protocol Native: XRPL AMMs eliminate the need for developers to create separate smart contracts, reducing risks and simplifying the development process.
• Aggregated Liquidity: Liquidity for all trading pairs is consolidated at the protocol level, preventing fragmentation across individual smart contracts.
• Continuous Auction Mechanism: This mechanism allows arbitrageurs to bid for price discrepancies at a discount, promoting immediate arbitrage trading and maintaining stable volatility.
• Single-sided Liquidity Provision: Users can contribute to a pool using just one asset, streamlining the liquidity contribution process.
• No Miner Extractable Value: The XRPL's federated consensus mechanism ensures fairness and prevents miners from prioritizing specific transactions.
• CLOB DEX Integration: The AMM seamlessly integrates with the existing central limit order book (CLOB) DEX, enabling price optimization and automatic determination of the most efficient trade execution path.

LP Tokens: Empowering the Community

協議原生：XRPL AMM 無需開發人員創建單獨的智能合約，從而降低了風險並簡化了開發流程。聚合流動性：所有交易對的流動性在協議級別進行整合，防止各個智能合約之間的碎片化。連續拍賣機制： 此機制允許套利者以折扣價競標價格差異，促進即時套利交易並保持穩定的波動性。單邊流動性提供：用戶可以僅使用一種資產向池中貢獻資金，簡化流動性貢獻流程。無礦工可提取價值： XRPL的聯邦共識機制確保了公平性，並防止礦工對特定交易進行優先排序。UmOB DEX 集成：AMM與現有的中央限價訂單簿（CLOB） DEX無縫集成，實現價格優化並自動確定最高效的交易執行路徑。代幣：賦予社群權力

The AMM ecosystem revolves around LP (Liquidity Provider) Tokens. These tokens represent a user's share in a liquidity pool and grant voting rights on key parameters like trading fees. This feature empowers LPs and fosters a community-driven approach to managing liquidity pools.

AMM 生態系統圍繞著 LP（流動性提供者）代幣。這些代幣代表用戶在流動性池中的份額，並授予對交易費用等關鍵參數的投票權。此功能賦予有限合夥人權力，並促進社區驅動的方法來管理流動性池。

Unleashing New Applications on XRPL

在 XRPL 上釋放新應用

Developers can leverage the XRPL AMM through readily available libraries like xrpl.js, xrpl-py, and xrpl4j. These libraries provide a foundation for interacting with AMM functionalities and building innovative DeFi applications.

開發人員可以透過 xrpl.js、xrpl-py 和 xrpl4j 等現成的函式庫來利用 XRPL AMM。這些庫為與 AMM 功能互動和建立創新的 DeFi 應用程式提供了基礎。

Is the XRP AMM Ready for the Long Haul?

XRP AMM 準備好長期使用了嗎？

While AMMs have proven successful on other blockchains, the XRPL AMM is still in its early stages. It remains to be seen how it will perform in the long term.

雖然 AMM 已在其他區塊鏈上證明是成功的，但 XRPL AMM 仍處於早期階段。其長期表現如何還有待觀察。

Risks Associated with AMMs

與 AMM 相關的風險

While AMMs offer potential benefits, they introduce new risks for users. Unlike traditional order books, AMMs rely on algorithms that can be susceptible to manipulation or unforeseen vulnerabilities.

雖然 AMM 提供了潛在的好處，但它們也為使用者帶來了新的風險。與傳統訂單簿不同，AMM 依賴的演算法可能容易受到操縱或不可預見的漏洞的影響。

Why This Matters

為什麼這很重要

By eliminating reliance on traditional order books and fostering a community-driven approach to liquidity, XRPL's AMM integration paves the way for a more accessible and dynamic DeFi ecosystem. This not only attracts developers building innovative applications but also users seeking new financial opportunities and a voice in shaping the network's future.

透過消除對傳統訂單簿的依賴並培育社區驅動的流動性方法，XRPL 的 AMM 集合成為更易於訪問和更具活力的 DeFi 生態系統鋪平了道路。這不僅吸引了開發創新應用程式的開發人員，還吸引了尋求新金融機會和在塑造網路未來方面擁有發言權的用戶。

Coinbase Snubs XRP for Futures Trading

Coinbase 拒絕 XRP 期貨交易

If you're wondering why Coinbase left out XRP for futures trading, this article explores the reasons behind this decision:

如果您想知道為什麼 Coinbase 放棄使用 XRP 進行期貨交易，本文將探討這項決定背後的原因：

[Coinbase Snubs XRP for Futures Trading: Why Was It Left Out?](link to article)

[Coinbase 冷落 XRP 進行期貨交易：為什麼它被排除在外？]（文章連結）

Becoming a Ripple Developer

成為瑞波幣開發者

Interested in becoming a Ripple developer? This article dives into the benefits of using the XRP Ledger and the resources available to get you started:

有興趣成為 Ripple 開發者嗎？本文深入探討了使用 XRP Ledger 的好處以及可協助您入門的資源：

[Ripple Developers: How to Become an XRP Dev](link to article)

[Ripple 開發者：如何成為 XRP 開發者]（文章連結）