Once XRP Ledger starts supporting its native automated market makers (AMMs), its first LP tokens will fuel numerous interesting designs
As XRP Ledger might be getting closer to the activation of its native automated market makers, its enthusiasts are trying to predict the role and behavior of liquidity providers. Will they be interested in moving LP tokens out of the XRPL ecosystem?Liquidity pools with XRP and LP rewards tokens are"inevitable" on XRPL-powered AMMs, and they will be"fascinating to watch.
Thinking re: XLS-30d AMM, should it pass. Liquidity Pool Tokens are defined as tokens on the ledger so they can also be put into liquidity pools, but since LP's generate LPT, it becomes effectively inflationary. Will they make it to external exchanges?He opined that Liquidity Pool Tokens will be"regular" tokens on the ledger so they can also be injected into liquidity pools.
As such, LP operators might be interested in moving their rewards to"external" exchanges. At the same time, the arbitrage slots will require LPTs and burning their tokens. As a result, we might see conflicts of interest between various groups of liquidity ecosystem participants in the XRP Ledger community:
So arbitrageurs will want LP tokens, burn them to pay for slot while people take profits from participating in pools by selling LP tokens. The inevitable LPT/XRP pool will be fascinating to watch.However, it is yet to be seen whether the AMM proposal will be able to get backed by enough support inside the XRPL community.
This amendment that can be included in the rippled v1.12.0 software build has only scored one"yay" vote out of 28 required to pass.Ripple Attracting Institutional Investors in Dubai: Sologenic Report
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