- XRPL now offers the ability to provide liquidity for restricted tokens, a feature that sets it apart in the industry.
- Users can initiate a single-sided deposit and withdrawal, ensuring liquidity for asset pairs, including restricted tokens.
In a recent tweet by Neil Hartner (@illneil), Senior staff software engineer at Ripple specializing in ODL, he unveiled an intriguing aspect of the XRP Ledger (XRPL) concerning liquidity provisions.
Now, if there are any offers on the order book higher than 0.454 then those offers with be matched by the AMM as part of the deposit rebalancing. So you maybe end up with something different than 11k XRP and 5k XRP in the pool afterward.
— Neil Hartner (@illneil) September 17, 2023
He emphasized that even for restricted tokens on the XRPL – digital currencies needing a trustline authorization for use – there’s still an avenue to provide liquidity. This dynamic establishes the XRPL’s Automated Market Maker (AMM) as perhaps the most versatile in today’s market.
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Following queries from his community, Hartner explained the potential for single-sided deposits and withdrawals on the XRPL. In simple terms, this means users can ensure liquidity for any asset pair, even if it involves a restricted token. The rewards? Payouts in XRP, but with a catch – users can only extract assets they’re authorized to hold. Beyond this, Hartner’s discussions shed light on XRPL’s remarkable liquidity rebalancing, portraying it as a trailblazing smart contract network suitable for diverse investment interests.
Ongoing Innovations: More Than Just Liquidity
The XRP Ledger isn’t just stopping at liquidity solutions. Its trajectory showcases an expanding horizon with new protocols and platforms sprouting regularly. The spotlighted XRPL AMM by Hartner is merely a glimpse into what the core engineering team is crafting. As a direct competitor to heavyweights like Ethereum and Solana, XRPL is diving deep into the Non-Fungible Token (NFT) space, benefiting both creators and users. Even as these initiatives are in their early phases, XRPL’s capabilities continue to resonate with its utility for all. Moreover, a consistent slew of upgrades on the XRPL further cements its promise to usher in the subsequent wave of blockchain aficionados.
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