Ripple的自动化做市商：在炒作中谨慎行事

Ripple 的 XRP 首次推出自动做市商（AMM），令人兴奋，但也引发了担忧。 CTO David Schwartz 建议谨慎行事，强调单边 AMM 存款和投资预投 AMM 的风险。

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

Ripple 的自动化做市商：兴奋中的警示故事

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.

在加密货币的动态领域，Ripple 的 XRP 通过引入自动做市商（AMM）而引起轰动。这一创新功能在加密社区引起了轩然大波，引发了兴奋和谨慎的乐观情绪。然而，专家敦促投资者在炒作中谨慎行事，并强调与 AMM 相关的潜在风险。

David Schwartz's Prudent Concerns

大卫·施瓦茨的谨慎担忧

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 首席技术官 (CTO) David Schwartz 在 AMM 的庆祝气氛中发出了谨慎的声音。在一系列社交媒体帖子中，施瓦茨强调了 AMM 中单边存款的危险，特别是当存入的资金与实际投资规模相形见绌时。

"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.

施瓦茨在推特上写道：“单面 AMM 存款可能会导致系统中存储的价值损失。”他引用“滑点”现象作为这种风险的明显迹象。当执行价格与预期价格不同时，就会出现滑点，可能会导致重大损失。

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，施瓦茨警告不要投资于高度依赖的投前自动做市商。他认为，此类投资不应仅仅被视为带来不便而被忽视，因为它们代表着所有相关方都错失了机会。不过，施瓦茨也为陷入这种情况的投资者提供了一个潜在的解决方案，表明他们或许能够通过单方面放置缺乏资金池的资产来收回投资。

Safety First: Recommendations for Prudent Investing

安全第一：谨慎投资建议

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.

施瓦茨强烈建议用户在遇到严重衰退时优先考虑安全并探索替代存储方法。他建议，在 AMM 交易领域，应对两种资产进行等额投资，以降低风险。

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 澄清说，流动性合理的 AMM 中的单面存款通常是安全的。随着 AMM 池的扩大和交易活动的持续激增，他预计相关风险将会下降。他预计资金池将变得更加擅长平衡，从而随着时间的推移增加流动性。

Balancing Risk and Opportunity

平衡风险和机遇

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.

施瓦茨的警告及时提醒加密货币用户在进行投资之前仔细评估 AMM 费用和余额。虽然自动做市商提供了巨大收益的潜力，但它们也带来了不可忽视的固有风险。

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.

建议希望进入自动做市商领域的投资者谨慎行事，遵循施瓦茨关于审慎投资策略的建议。通过了解和管理风险，投资者可以增加从这项创新技术中获利的机会，同时保护来之不易的资产。

Conclusion

结论

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 引发了加密社区的兴奋和谨慎。虽然增加流动性和效率的潜力是不可否认的，但投资者必须清楚地了解所涉及的风险。通过听取 David Schwartz 等专家的建议并实施审慎的投资策略，投资者可以应对 AMM 的复杂性，并有可能获得回报，同时减少潜在的陷阱。