More Liquidity Comes to XRP as RLUSD/XRP AMM Pool Goes Live, Claims $423K Liquidity in Few Hours


The XRPL community witnesses the launch of the RLUSD/XRP AMM pool, boasting impressive liquidity after a few hours, as AMMClawback goes live.

The XRP Ledger (XRPL) has reached a major milestone with the activation of the AMMClawback amendment. The long-awaited update has enabled the creation of automated market maker (AMM) pools for RLUSD, Ripple’s USD-pegged stablecoin. 

Interestingly, within hours of going live, the RLUSD/XRP AMM pool, one of the RLUSD-paired pools, has attracted over $423,000 in total value locked (TVL). This shows strong demand and liquidity growth for the ecosystem.  

AMMClawback Goes Live

The AMMClawback amendment officially went live on the XRPL mainnet yesterday, as reported by The Crypto Basic. XRPScan, a blockchain explorer for the XRP Ledger, revealed the activation on X, confirming that the long-anticipated change was now in effect.  

In response, David Schwartz, the Ripple CTO, expressed excitement about the implementation of the feature. This confirmed the importance of the upgrade, which removes a major limitation that previously restricted RLUSD from participating in XRPL’s AMM pools.  

For context, before this amendment, RLUSD and other tokens with clawback features were barred from AMM pools, restricting their liquidity potential. The new update removes this barrier while ensuring issuers retain control over compliance measures. 

RLUSD/XRP AMM Pool Gains Rapid Traction

Shortly after the AMMClawback amendment became active, an RLUSD/XRP AMM pool launched on the XRPL DEX. Vet, a dUNL validator on the XRPL, confirmed the launch of this pool along with three others featuring RLUSD trading pairs. 

Hours later, Vet provided an update on the XRP/RLUSD pool’s performance, revealing that its total value locked had already reached $220,000. In an effort to express his optimism, the validator stressed that every large milestone starts with smaller steps such as these.

As trading activity increased, the liquidity of the XRP/RLUSD AMM pool has since skyrocketed. Data from XPMarket, an XRPL analytics platform, showed that the pool’s TVL has now climbed to approximately $423,000 in just a few hours. 

RLUSDXRP AMM Pool XPMarket
RLUSDXRP AMM Pool | XPMarket

At press time, the breakdown of assets reveals that the pool features 68,662 XRP worth $211,637, and 209,934 RLUSD, also worth $211,637. Despite the strong liquidity, some traders have raised concerns over the 0.93% trading fee for the pool. 

Beyond the XRP/RLUSD pool, several other RLUSD-based AMM pools have sprung up. Currently, there are 14 RLUSD pairs, but only a few have attracted considerable liquidity. 

Apart from the XRP/RLUSD pool, which holds $421,000 in value, the RLUSD/XPM pool has accumulated $12,100, while the BRB/RLUSD pool holds around $1,900. Most other pools have less than $200 in locked assets.  

Standard Custody CEO Notes RLUSD’s Growth 

Meanwhile, the AMMClawback amendment is one of several recent developments highlighting the growing adoption of the RLUSD stablecoin.

Recently, Jack McDonald, CEO of Standard Custody, a Ripple subsidiary and the issuer of RLUSD, recently discussed the stablecoin’s growth. He noted that RLUSD had already reached a market cap of nearly $100 million just over a month after its launch.  

McDonald reassured the community about RLUSD’s backing, explaining that it is fully over-reserved. The stablecoin is backed by U.S. dollar deposits, short-term government securities, and other cash equivalents. The Crypto Basic confirmed this in a previous report.

The Standard Custody CEO stressed that Ripple currently holds approximately $6 million more in reserves than the total RLUSD supply. This over-collateralization ensures that the system can meet all redemptions efficiently.  

Additionally, McDonald reiterated Ripple’s commitment to transparency, stating that they plan to publish monthly independent attestations to maintain trust and compliance with regulatory standards. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.





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