Thread by @LordVXrp

🚨THREAD #XRPL🚨

This is a nuclear bomb news 💥

02/11/2022 from #BIS = The Mariana project investigates the use of #AMMs to automate foreign exchange markets and settlement, potentially improving cross-border payments. WMA protocols that combine pooled liquidity with... 1/8

innovative algorithms to determine prices between two or more tokenized assets could form the basis of a new generation of financial infrastructure that facilitates cross-border #CBDC exchange. 2/8

The project makes significant contributions to the #G20 priority of making cross-border payments faster, cheaper and more transparent. 3/8 bis.org/about/bisih/to…

30/09/2021 from @JoelKatz = A one-time implementation of #AMM could allow those who provide liquidity to #AMM to take a significant share of the profits that are normally cashed out by arbitrageurs. Bringing this #AMM approach to #XRPL could be a game changer.) 4/8

An #AMM is the underlying protocol that powers some types of decentralized exchange (DExs). Basically, an AMM system creates a marketplace digitally, by generating algorithmically controlled liquidity pools to facilitate trades for users. 5/8 ledger.com/academy/whats-…

A new amendment for Automated Market Maker (#AMM) has been proposed as a pull request on the Rippled code base. The #AMM amendment was proposed by #Ripple CTO @JoelKatz and #RippleX Head of Research Aanchal Malhotra. 6/8

With the amendment, #Ripple users can file, withdraw and govern on an #AMM instance (Pool). In addition, the amendment will also incentivize liquidity providers on the native decentralized exchange, #XRPL #DEX, strengthening #XRP's ability as a bridge currency. 7/8

In addition, the addition of functionality on #AMM Instance will also increase the pursuit of auctioning trade benefits to arbitrageurs for a fee, which will be paid to liquidity providers. 8/8