前 Ripple 工程师分析 USDC/XRP 自动做市商失衡

Ripple Labs 前高级软件工程师 Neil Hartner 阐述了困扰 USDC/XRP 自动做市商 (AMM) 池的持续不平衡问题。 Hartner 揭示了这一现象背后的技术复杂性，强调了铸造 USDC 的周期性延迟是一个促成因素。这种不平衡的出现是由于 USDC 的很大一部分被锁定在资金池中，这给寻求迅速恢复平衡的套利者带来了挑战。

USDC/XRP Automated Market Maker Imbalance: A Technical Examination

USDC/XRP 自动做市商失衡：技术检查

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 前高级软件工程师 Neil Hartner 对困扰 USDC/XRP 自动做市商 (AMM) 池的持续不平衡问题进行了深入分析。在详细披露中，Hartner 揭示了这一现象背后的技术复杂性，阐明了用户查询并阐明了 AMM 的复杂性。

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 池的特殊性质，将其不平衡归因于 USDC 铸造的间歇性延迟。这些延迟导致大部分 USDC 被锁定在池内，为寻求迅速恢复平衡的套利者造成障碍。

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.

在回答用户询问时，哈特纳解释说，这种不平衡源于用户选择将单边存款存入已经不平衡的池中而犯下的战略失误。尽管有人质疑与均衡的最小偏差，哈特纳澄清说，即使是边际差异也表明 AMM 汇率与现行汇率之间存在差异。

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."

还讨论了与将单一资产存入 AMM 功能的可行性相关的问题。 Hartner 指出，虽然通过去中心化交易所（DEX）交易然后进行双面存款来进行此类交易是可行的，但该过程需要进行多次交易，给最终用户带来了潜在的可用性障碍。在 Hartner 的评估中，“USDC/XRP AMM 池由于其持续不平衡而成为一个有趣的案例研究。”

XRPL AMM Enhancements

XRPL AMM 增强功能

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.

为了应对AMM引擎遇到的挑战，XRP Ledger（XRPL）开发人员实施了一项至关重要的修正“fixAMMOverflowOffer”。本次更新修复了引擎启动后发现的容器溢出问题，从而保证了AMM池在DEX上的无缝运行。

Conclusion

结论

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 对 USDC/XRP AMM 池失衡的见解为流动性提供者和套利者所面临的技术复杂性提供了宝贵的澄清。随着“fixAMMOverflowOffer”修正案的实施，XRPL 不断发展，增强了其在去中心化金融领域的功能和弹性。

Tags:

标签：

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

Ripple (XRP)自动做市商 (AMM)流动性池套利去中心化金融 (DeFi)