XRP and XRPL's Hidden Superpower Revealed by Ripple Engineer


17 Sep 2023 1:18 PM

Senior engineer at Ripple Neil Hartner decodes really special XRP and XRP Ledger feature...

  • Neil Hartner, a senior staff software engineer at Ripple, has discovered a hidden superpower of XRP Ledger (XRPL) related to single-sided deposits within automated market makers (AMMs).
  • Single-sided deposits allow users to contribute liquidity to pools even if they don't have access to one of the required assets.
  • Nik Bougalis, former director of engineering at Ripple, expressed satisfaction that single-sided deposits made it into the final version of XRPL's AMM.
  • Single-sided deposits do not require the sale of assets but instead alter the pool's asset ratio and effective exchange rate.
  • This capability is not limited to XRP pools and can be applied to any pool where users own one of the assets involved, simplifying liquidity provision and expanding DeFi participation.

The article discusses a recent discovery by Neil Hartner regarding single-sided deposits in XRPL's AMMs. The sentiment is positive as it highlights the potential revolutionary impact of this innovation on decentralized finance.

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You May Ask

What is the hidden superpower of XRP Ledger (XRPL) discovered by Neil Hartner?How do single-sided deposits work in XRPL's automated market makers (AMMs)?Who championed the concept of single-sided deposits during the development of XRPL's AMM?Is the capability of single-sided deposits limited to XRP pools only?How does the introduction of single-sided deposits simplify liquidity provision in decentralized finance?

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