
Vet
@Vet_X0 • 55,376 subscribers
Contributing to @XRPLF. XRP Ledger dUNL Validator.
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Fix amendment in XRP Ledger version 3.1.3 just got activated as we speak! This means nodes below 3.1.3 need to update to service their operations. The XRP Ledger is closing blocks normally and looks good. Thanks to everyone who helped raising awareness of this update ❤️
Vet57,604 Aufrufe • vor 9 Tagen

XRP Ledger AMM v2 for the next phase of liquidity and tokenization. Much better pricing of asset pools like RLUSD/USDC with StableSwap along the whole liquidity range. Concentrated Liquidity to allow to deploy capital on the XRP Ledger for ranges that matter, instead of the entire range. Please add your thoughts as we aim to collaboratively work with the community to achieve AMM v2.
Vet52,439 Aufrufe • vor 10 Tagen

This is how XRP was used as a bridge asset in the last 24h. 477 auto-bridging events occurred. EUROP / RLUSD - 124 events (most active) RLUSD / BBRL ( Braza Bank Brazilian Real Stablecoin) - 67 events USDC / RLUSD - 46 events Interestingly, RLUSD appears in majority if auto-bridging event. Clearly the most actively traded currency against other currencies where XRP gets used as the bridge. > Total of ~15,000 XRP was used to provide liquidity for better exchange rates. > 92% of all trades are Token/XRP pairs > 8% of all trades are Token/Token pairs out of all Token/Token trades, 0.8% were auto-bridged. For the BBRL events, those amounts were small trades but still enough to trigger auto bridging. The XRPL DEX is so efficient that you can trade tiny amounts without friction. XRP loves tokenization - long tail of assets.
Vet445,306 Aufrufe • vor 3 Monaten

I like David's view on Ripples strategy. Institutional adoption today is the pathway for retail adoption in the future. To me the XRP DEX was always the public ground where Ripples institutional effort meet retail builders effort in the middle. For this low risk boring DeFi is needed!
Vet56,307 Aufrufe • vor 1 Monat

The ISO20022 switch got flipped for Fedwire. Absolutely nothing happened.
Vet402,609 Aufrufe • vor 10 Monaten

Fireside chat with David Schwartz at $XRP Vegas. Many cool anecdotes of the early days before and at Ripple. He mentions also his new idea of AI to break the barrier to use the social credit feature on the XRP Ledger via Rippling of issued asset trustlines between people. Man he loves that feature a lot.
Vet26,486 Aufrufe • vor 1 Monat

The XRP network handled a big wave of transactions today, fees are cents and consistent 3-4 sec settlement time. This is financial infrastructure that scales. Sustained over 140 TPS and blocks with up to 987 transactions! Here's how the XRP DEX was at the center of it: > You see below the XRP/RLUSD pair on the DEX. Basically all activity comes from this pair and bots working with it. What are they doing? - You have bots that flood the orderbook with offers on both side, buy/sell, market makers. They create constantly offers and by using the same OfferSequence to cancel the previous ones and adjust for pricing. - Ghost Wall: they use a spoofing botnet as well to trick others liquidity depth exists, with offers that have no liquidity behind them, to buy tokens for cheaper if people don't account for that (slippage) or arb bots to fire into the void. This leads to the next one. - High transaction failure is intended, thats what the ghost wall is looking to do. Cross currency payments fail because the path is dry - duhh - because its spoofed ghost orders without liquidity. Thats 90% reason for all tx failures. They fail by design, it's exactly how the network tells you it will handle such cases and the XRPL enforced always this behavior with barely funded offers.
Vet36,028 Aufrufe • vor 1 Monat

David on Smart Contracts on the XRP Ledger. 1) We don't need full general purpose SC. We don't need to be the best SC platform, just a little bit programmability via SC. 2) It boosts native features. If you can't connect native features together they are not as useful. 3) Safety. Small steps, no full blown programmability but measured steps towards this goal gives us the best real world feedback. 4) Because how limited SCs - XLS101 is in design, it will allow for large group of amendments to be not protocol changes. That's a huge gain in protocol security for all actors using the XRPL. Including Banks and normal users alike.
Vet101,024 Aufrufe • vor 6 Monaten

The XRP globe is litty 🔥. $200,000,000 traded in XRP last 5min globally.
Vet160,984 Aufrufe • vor 10 Monaten