RippleX announced that AMM on the XRPL is now available

On Twitter, RippleX announced that AMM on the XRPL is now available.

On Twitter, RippleX recently announced that AMM on the XRPL is now available. Was noted:

The XLS-30d spec for a protocol native #AMM on the #XRPL is now available for testing and development.

The following key data was indicated in the material on a special website:

XLS-30d introduces a protocol native AMM to the XRPL. It will exist as a core primitive of the Ledger and employ a set of fixed functions that allow application developers to create interfaces for end traders and liquidity providers (LPs). It also introduces a novel auction mechanism that incentivizes arbitrageurs while reducing the impact of impermanent loss faced by LPs.

Further, the AMM is less vulnerable to Miner Extractable Value (MEV) or front-running because the XRPL leverages Federated Consensus and canonical transaction ordering. The AMM also allows for single-sided liquidity provisioning which simplifies the user experience.