Le prochain projet de Ripple consiste à créer un market maker automatisé rivalisant avec Uniswap [AMM] sur le réseau XRPL.
Surnommé le 0030 XLS-30dselon un Github Libérationla proposition vise à ajouter AMM qui est censé apporter un énorme potentiel DeFi à la blockchain.
En règle générale, un teneur de marché aide à fournir des liquidités pour les paires de négociation sur les bourses centralisées.
Mais dans les DEX, ils ne prennent pas en charge ces processus intermédiaires [order matching systems or custodial infrastructures. Instead, these are replaced by autonomous protocols called AMMs where users can initiate trades directly from non-custodial wallets.
These protocols use smart contracts to define the price of digital assets and provide liquidity and are often called liquidity pools. Examples of AMMs include Uniswap, Balancer, and Curve.
As for AMMs, any entity can become a liquidity provider as long as it meets the requirements embedded into the smart contract.
To ensure the ratio of assets in liquidity pools remains balanced and to eliminate price discrepancies of pooled assets, AMMs use preset mathematical equations.
Uniswap and many other DeFi exchange protocols use a simple x*y=k equation
Here, x represents the value of Asset A, y denotes the value of Asset B, while k is a constant.
During large orders in AMMs, a large amount of a token is removed or added to a pool, creating huge discrepancies between the asset’s price in the pool and its market price thus providing an arbitrage opportunity.
Here the price difference allows a trader to buy and sell an asset in different markets to generate a profit.
Ripple’s team however noted that arbitrages generally wait for their profit to be more than the trading fees they would incur, which they believe reduces liquidity and slow price discovery.
The Special Factor That Would Set Ripple Apart
In order to increase liquidity and pool-supplier profits while allowing arbitrage to remain profitable, Ripple is considering geometric mean market makers [GM3] en tant que fonctionnalité XRPL native.
Les discussions sur Github parlent d’une fonction qui mettrait continuellement aux enchères des créneaux de négociation sans frais pour les arbitragistes et donnerait ces revenus aux fournisseurs de liquidité, accélérant l’arbitrage car il n’y a pas de frais de négociation qui grugent les bénéfices potentiels.
Concluant que XRPL AMM serait un “monstre de liquidité”, la proposition est toujours en discussion et doit d’abord être testée et votée.
