XRPL 释放 AMM：改变 Ripple 区块链上的 DeFi

XRPL 释放了 AMM 的力量，改变了 Ripple 区块链上的 DeFi。这些自动化做市商彻底改变了流动性，取代了手动做市。

Has the XRP Ledger Unleashed the Power of AMMs?

XRP 账本释放了 AMM 的力量吗？

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) 通过集成自动做市商 (AMM)，向更强大的 DeFi 生态系统迈出了大胆的一步。但 AMM 到底是什么？它们如何彻底改变 XRPL 的流动性和交易？

What's the Deal with XRPL's AMMs?

XRPL 的 AMM 有什么关系？

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 出现之前，XRPL 的去中心化交易所 (DEX) 依靠手动做市和中央限价订单簿来获取流动性。然而，AMM 引入了一种新的范式，作为 XRPL DEX 中的原生功能，实现交易和流动性供应的自动化。

How Do XRPL's AMMs Work?

XRPL 的 AMM 如何工作？

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 为资产对创建流动性池，其中价格根据池的资产比率通过算法确定。该模型对于交易量较低的交易对特别有利，可确保恒定的流动性和价格稳定。

What Makes XRPL's AMMs Unique?

XRPL 的 AMM 有何独特之处？

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

除了核心功能之外，XRPL AMM 还拥有几个独特的功能：

• 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

协议原生：XRPL AMM 无需开发人员创建单独的智能合约，从而降低了风险并简化了开发流程。聚合流动性：所有交易对的流动性在协议级别进行整合，防止各个智能合约之间的碎片化。连续拍卖机制：该机制允许套利者以折扣价竞标价格差异，促进即时套利交易并保持稳定的波动性。 单边流动性提供：用户可以仅使用一种资产向池中贡献资金，简化流动性贡献流程。 无矿工可提取价值： XRPL的联邦共识机制确保了公平性，并防止矿工对特定交易进行优先排序。 CLOB DEX集成：AMM与现有的中央限价订单簿（CLOB）DEX无缝集成，实现价格优化并自动确定最高效的交易执行路径。代币：赋予社区权力

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 生态系统围绕 LP（流动性提供者）代币展开。这些代币代表用户在流动性池中的份额，并授予对交易费用等关键参数的投票权。此功能赋予有限合伙人权力，并促进社区驱动的方法来管理流动性池。

Unleashing New Applications on XRPL

在 XRPL 上释放新应用

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.

开发人员可以通过 xrpl.js、xrpl-py 和 xrpl4j 等现成的库来利用 XRPL AMM。这些库为与 AMM 功能交互和构建创新的 DeFi 应用程序提供了基础。

Is the XRP AMM Ready for the Long Haul?

XRP AMM 准备好长期使用了吗？

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.

虽然 AMM 已在其他区块链上证明是成功的，但 XRPL AMM 仍处于早期阶段。其长期表现如何还有待观察。

Risks Associated with AMMs

与 AMM 相关的风险

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.

虽然 AMM 提供了潜在的好处，但它们也给用户带来了新的风险。与传统订单簿不同，AMM 依赖的算法可能容易受到操纵或不可预见的漏洞的影响。

Why This Matters

为什么这很重要

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.

通过消除对传统订单簿的依赖并培育社区驱动的流动性方法，XRPL 的 AMM 集成为更易于访问和更具活力的 DeFi 生态系统铺平了道路。这不仅吸引了开发创新应用程序的开发人员，还吸引了寻求新金融机会和在塑造网络未来方面拥有发言权的用户。

Coinbase Snubs XRP for Futures Trading

Coinbase 拒绝 XRP 期货交易

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

如果您想知道为什么 Coinbase 放弃使用 XRP 进行期货交易，本文将探讨这一决定背后的原因：

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

[Coinbase 冷落 XRP 进行期货交易：为什么它被排除在外？]（文章链接）

Becoming a Ripple Developer

成为瑞波币开发者

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:

有兴趣成为 Ripple 开发者吗？本文深入探讨了使用 XRP Ledger 的好处以及可帮助您入门的资源：

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

[Ripple 开发者：如何成为 XRP 开发者]（文章链接）