Ripple's underlying XRPL blockchain will unlock a wide range of decentralized finance (DeFi) capabilities following the launch of a natively built Automated Market Maker (AMM) protocol.
Ripple recently announced the release of the XLS-30 AMM protocol, developed in collaboration with the XRPL community, as a feature to benefit its blockchain ecosystem.
The AMM is expected to expand the DeFi capabilities of the XRPL ecosystem and enable cross-chain DeFi use cases across 50 blockchains.
XRPL's blockchain ecosystem has an existing decentralized exchange (DEX) with a traditional order book that does not include some of the advanced features that new DeFi protocols have introduced in the last two years.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.