XRPL 的 AMM 和 RLUSD 稳定币将在全球范围内产生影响

XRP Ledger (XRPL) 是一种流行的去中心化开源区块链，已成为机构采用和实用性方面的先驱。

The XRP Ledger (XRPL), a decentralized open-source blockchain, has emerged as a pioneer in institutional adoption and practical utility. Recently, market analyst Max highlighted how XRPL’s Automated Market Maker (AMM) and RLUSD stablecoin are poised to make a significant impact worldwide.

XRP Ledger (XRPL) 是一种去中心化的开源区块链，已成为机构采用和实用性方面的先驱。最近，市场分析师 Max 强调了 XRPL 的自动做市商 (AMM) 和 RLUSD 稳定币将如何在全球范围内产生重大影响。

XRP Ledger and Its Unique Positioning

XRP Ledger及其独特定位

Max noted that XRPL is optimal for high-frequency, high-value transactions, boasting speeds of 3 to 5 seconds and minimal costs. It facilitates seamless cross-border payments and tokenization of real-world assets, eliminating the bottlenecks of traditional systems.

Max指出，XRPL最适合高频、高价值交易，具有3至5秒的速度和最低的成本。它促进无缝跨境支付和现实世界资产的标记化，消除传统系统的瓶颈。

With its speed, efficiency, and reliability, The #XRP Ledger has a defined role as a leader for institutional adoption and practical utility. Let’s look at how the #XRPL’s Automated Market Maker (AMM) and #RLUSD stablecoin are set to make a dent in the universe. 1/19🧵

凭借其速度、效率和可靠性，#XRP Ledger 已成为机构采用和实际效用的领导者。让我们看看 #XRPL 的自动做市商 (AMM) 和 #RLUSD 稳定币如何在宇宙中发挥作用。 1/19🧵

— Max Avery (@realMaxAvery) December 4, 2024

— 马克斯·艾弗里 (@realMaxAvery) 2024 年 12 月 4 日

According to the analyst, XRPL has maintained over a decade of zero downtime for institutional players. Banks, asset managers, and enterprises have continuously utilized XRPL’s decentralized, carbon-neutral infrastructure for enhanced stability and system performance.

该分析师表示，XRPL 十多年来一直保持着机构参与者的零停机时间。银行、资产管理公司和企业不断利用 XRPL 的去中心化、碳中和基础设施来增强稳定性和系统性能。

Furthermore, XRPL’s AMM has revolutionized trading by replacing order books with liquidity pools. As a backstory, XRPL introduced AMM in April to address crucial issues within the ledger, as reported by CNF.

此外，XRPL 的 AMM 通过用流动性池取代订单簿，彻底改变了交易。据 CNF 报道，作为背景故事，XRPL 在 4 月份引入了 AMM，以解决账本中的关键问题。

XRPL’s AMMs enabled fast, efficient trading with prices determined by algorithms rather than intermediaries. By June, the Total Value Locked (TVL) in XRPL’s AMMs had surpassed 10 million XRP, highlighting its increasing adoption.

XRPL 的 AMM 实现了快速、高效的交易，价格由算法而不是中介机构确定。截至 6 月，XRPL 的 AMM 中的锁定总价值 (TVL) 已超过 1000 万个 XRP，突显其采用率不断上升。

According to Max, XRPL’s AMM goes beyond its utility as a Decentralized Finance (DeFi) tool. He noted that it is designed for institutions that demand rapid, low-cost transactions. He believes that the combination of XRPL’s AMM and RLUSD stablecoin will create a liquidity engine that minimizes slippage and maximizes efficiency.

Max 表示，XRPL 的 AMM 超越了其作为去中心化金融（DeFi）工具的实用性。他指出，它是为需要快速、低成本交易的机构而设计的。他认为，XRPL 的 AMM 和 RLUSD 稳定币的结合将创建一个流动性引擎，最大限度地减少滑点并最大限度地提高效率。

Max pointed out that the unique aspect of XRPL’s AMM is its ability to empower all participants, including retail and institutional investors. Retail users enjoy efficient, low-cost trading, liquidity providers earn yield, and institutions gain a new source of revenue within a decentralized market.

Max指出，XRPL AMM的独特之处在于它能够为所有参与者（包括散户和机构投资者）赋能。零售用户享受高效、低成本的交易，流动性提供者赚取收益，机构在去中心化市场中获得新的收入来源。

A Combination of XRPL’s AMM and RLUSD

XRPL 的 AMM 和 RLUSD 的组合

Fundamentally, XRPL’s AMM employs a Constant Product Formula for price discovery. Liquidity providers are able to deposit two tokens in a predefined ratio and earn fees based on their contribution. This creates a decentralized, efficient, and permissionless trading ecosystem.

从根本上来说，XRPL 的 AMM 采用恒定乘积公式来进行价格发现。流动性提供者能够按预定比例存入两种代币，并根据其贡献赚取费用。这创建了一个去中心化、高效且无需许可的交易生态系统。

Moreover, XRP Ledger introduces innovations like “auction mode,” which aims to amplify arbitrage opportunities. Proceeds from temporary losses are allocated to liquidity providers, ensuring fair rewards while maintaining XRPL’s renowned speed and security.

此外，XRP Ledger引入了“拍卖模式”等创新，旨在扩大套利机会。暂时损失的收益将分配给流动性提供者，确保公平的回报，同时保持 XRPL 著名的速度和安全性。

Additionally, XRPL’s AMM is fully integrated with its Decentralized Exchange (DEX), allowing users to trade using either order books or liquidity pools. This dual-layered design caters to diverse trading requirements, making XRPL appealing to both institutional and retail users.

此外，XRPL 的 AMM 与其去中心化交易所 (DEX) 完全集成，允许用户使用订单簿或流动性池进行交易。这种双层设计满足了多样化的交易需求，使XRPL对机构和零售用户都具有吸引力。

At the heart of this ecosystem lies RLUSD, a fully collateralized stablecoin pegged in a 1:1 ratio with the US dollar. It provides stability and transparency, critical elements for compliance-focused institutions entering the blockchain space.

该生态系统的核心是 RLUSD，这是一种与美元 1:1 挂钩的完全抵押的稳定币。它提供了稳定性和透明度，这是以合规为重点的机构进入区块链领域的关键要素。

According to Max, RLUSD will serve as a reliable medium of exchange and a safe haven during market volatility. By integrating with XRPL’s AMM, RLUSD can enhance liquidity provisioning and make the ecosystem more attractive to institutional investors.

Max 表示，RLUSD 将作为市场波动期间可靠的交易媒介和避风港。通过与 XRPL 的 AMM 集成，RLUSD 可以增强流动性供应，并使生态系统对机构投资者更具吸引力。

The synergy between RLUSD and XRP Ledger’s AMM is also expected to boost XRP’s utility. XRP, the ecosystem’s native asset, serves as the backbone of liquidity, driving adoption and demand. At the time of writing, the price of XRP was $2.63, showing an increase of 81.6% over the past week.

RLUSD 和 XRP Ledger 的 AMM 之间的协同作用预计也将提高 XRP 的效用。 XRP 是生态系统的原生资产，是流动性的支柱，推动采用和需求。截至撰写本文时，XRP 价格为 2.63 美元，较过去一周上涨 81.6%。