I worry about AMM’s for different reasons than stated. And no one has ever touched on them. Probably because no one knows yet. 1) What do the fees look like? 2) Could governments confiscate your assets if they don’t like who you’re voting for etc. 3) What’s the interest look like? 4) Will there be a minimum staking amount? IE 100,000 XRP. 🤔
Lewis I applaud you for giving people a full understanding on certain topics that they otherwise wouldn’t we’re better off as a community fully understanding every avenue of xrp and it’s different uses I hope everyone in this community loads their bags and we all live the life we deserve
Lewis you are simply fantastic! Your innate enthusiasm, your unquenchable curiosity, tireless questioning, willingness to admit what you dont know. I continue to be more and more impressed with you with each video. 'A' level brother! You are A level.
AMM - interesting you brought this up about creating a AMM utilising the subscribers of your channel, I think this is definitely something to explore. I've thought about doing this for the benefit of the region I live in, so we create an AMM with the local people as investors, the income generated then feeds back to the region. In turn showing people how we can operate in a different self responsible way instead of putting the hand out the gov't and in return being under their conditions.... like it, making liquidity work for we the people!
I’m 💯 interested in pooling my XRP in a trusted environment, such as this community, and getting involved with AMMs. I see you as an honest and trustworthy guy Lewis ✊🏽 Let’s make it happen 🎉
Your content is definitely thought provoking. I’m not at all technically minded. But know or fully understand that there’s opportunities on the horizon. I know you seemed genuinely surprised that the big man himself replied or give some imput into your chat. Don’t underestimate your contribution to me it’s both impossible and fascinating. Your opening doors that some will never see. The future you are creating for yourself and everyone is of paramount importance So for that a million thanks. He needs to offer you a job. 👏
So one of the major factors i have experienced in AMM's is entering a LP without being paired with a stable coin. If both coins paired together are extremely volatile then risk exposure goes up tremendously. Also i have never seen a AMM's pool that has a governance system so thats pretty neat. Throughout my experience in crypto for the last 6 years is the anything related to ETH and or proof of work as layer one or even proof of stake is EXPENSIVE and slow. Its no doubt that XRPL and other layer ones that do not use those consensus mechanisms will be the winners in the end. Its also no wonder that ETH gets a free pass as we all see now that they are tied to the corrupt legacy monopoly which is designed to screw the average person to death. My two cents.
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...
@Lewis Jackson I think a lot of us understand income by lending out your crypto but a lot of us have seen the worst parts of it... the companies getting greedy and then the customers suffering
Unless it’s built strictly for enterprise grade use cases, any average retail investor can become a Liquidity Provider by directly connecting your wallet on the XRPL, yield farm for liquidity and get rewarded in amounts proportional to what you bringing in. No need to go through 3rd parties like the “poly-whatever’ Lewy mentioned
Missed this live. I'm still learning all this aswell. I thought I'd got my head round impermanent loss and then David brings on this new thing. The other thing that jumped out from the video was moving your assets to Polysign. How do you go about that? How safe is it? Thank you
I have provided liquidity on the Cosmos ecosystem for some time now. In my experience, when one asset gain value (Ex XRP/USDC) the pool has to balance itself, and here is when impermanent loss occurs. If you have 100 XRPs and 100 USDCs, and the value of XRP goes up, the pool will balance your LP tokens which means you will have more USDCs than XRP and vice-versa. If the price of, in this case, XRP goes high, you most likely will lose XRP and gain more USDCs. I like to pair with stablecoins because those have the least price fluctuation.
Very simple, it means smart contracts use a basket of tokens provided by others in a pool to help facilitate trades(buy/sell) without any central figure or order books like the ones Coinbase and Binance use. The people providing these liquidity or tokens to the pool are called the LPs and are paid a fraction of the fees charged by the smart contracts. It’s usually called yield farming.
XRP solutions coming into play! Hooks & Evernode-smart contracts on XRPL XRPL - the blockchain ILP - Interoperability XRP - only LEGAL bridge/liquidity/reserve token And ... XLS 30d - AMM developed on top of XRPL!!!
AMM that is self governed is a DAO by SEC rules. DAO tokens are securities by SEC Definition. Is there a way to offer these to certain geographical locations?
i think the big worry for many would be ---- you put in (lets say xrp is 100 bucks) - 10xrp and 1000 USD, ok your good for 2000liquidity tokens, and as david swartz says you get the value back, but lets say you get back, 1100 USD and 9 xrp. you repeat and get 8 xrp now and 1200 USD. now your getting yield - fine. but your losing your xrp slowly.....this would put people off, unless there is a guarantee not just on value, but on token return of XRP.
Interesting. When it is time to check this out, it would be nice to have a sort of conference. Thank you to explain it that i can understand a little bit.
This would be a good way for governments to earn from providing liquidity in order to fund operations rather than an income/capital gains tax. The current tax system is antiquated and cannot work in the new, digital economy.
Is that a good thing? Voting rights depending on how much you have in that pool. Retail investors will get burnt as soon as a wake comes along, has the majority to say and takes total control over the pool rendering your little vote useless.
Feels like cause for congratulations on your recent talks with certain game changers..so congratulations on that interaction..and thanks for all your brilliant research Lewis ! 💪🤘👌 Also.. I'd buy into your pitch for sure.. #XRP-XLS30D 👊
Lewis, let’s create a Amms XRP yield earning group. I am in SA you in the Uk. People can club together to earn a yield farm of sorts.let’s work it out!
So you must be fairly new to xrp then because flare already does this so you should have an idea from it. From this it does appear flare will be useless for xrp holders as I’d bet David and crew can figure a better way than Hugo can.
The reason is what does this means that xrp is only for the rich institutions not the retailers . Yet took retailers money Discrimination is on. They’ve got one day to fix this
as a new newbie in this crypto world watching your video in regards to AMMS/XLS-30D, if you created a LP pool lets say for your community, and everyone contributes to it, is it possible to contribute more to the pool itself in future or would that require setting up another pool in other words is it a one time set up or can you keep adding to it its sounds fascinating that there are other uses to earn besides staking as well, i will be going to watch this again and a again to fully understand the later parts to this video thanks to you in getting you head around it and sharing your insight on this as well as the guys David with his knowledge on it and Minus Wells how good is that!!! keep up the great content Lewis as always and everyone who contributes to better our understanding .
So much news about XRP, yet we are lower now in price after a win from the SEC.. XRP has been price suppressed all this time. Had a lawsuit and was worth more beforeand during it. Hard to hold a bag when theres a hole in it.
Polysign. Are you having conversations with them? I too would like to, like many others, would like to move their assets to a safer place. Please keep us informed. Thanks for the great info.
EXIT STRATEGY: If i sell any XRP, it's only a small fraction after the next big surge, to hopefully buy more on a (not guaranteed) retracement. The rest of our maximus prime XRP assets can soon safely be COLLATERALIZED and/or earn yield/fees in AMM (DEX) liquidity pools or loaned to surviving banks upon upcoming REGULATION. 🇺🇸 Why not be the lender, not the borrower? Collateralize enough to live an unlimited lifestyle as our prime international assets multiply in value... TAX FREE?🤔
Recently Dexpool was hacked due to the vulnerability of the vyper that was used resulting in significant losses to the total liquidity, what are the chances of losing all your assets to hacking using the XLS-30D?
Does this mean that amm's are closed silo's where the LP's only derive value from the fee's from xrp traded within that particulair amm? Than i would never benefit from the XRP traded by the institutions.
I'm not understanding where gain is derived from in a LP, is the liquidity in the pool being loaned out for interest? Is it arbitrage bots? How is the pool used to create gain...or loss?
It will be interesting to see if it works, this is not new, there are many chains that have been doing this for a number of years, none are really working as intended, hopefully they can make it work and there is security around it, i cant tell you how many time i have invested in the same thing on different chains and it has gone south and the value of the token has crashed.
In a nutshell, The liquidity in the AMM pool rebalances every now and then to ensure a constant supply of liquidity, meaning “temporarily”; the tokens in the pool will fluctuate based on supply and demand. So if a LP withdraws his asset whiles the temporary fluctuations are taking place, you tend to lose on what you initially provided. However it usually restores its original value over time, not always guaranteed tho.
It looks like you're rounding third base, going for the homerun if you don't mind a baseball analogy? You sound like you're on top of the world and my hat is off to you! I'd sure like to be there with you! Since you're in the middle of this space or maybe at the front end you must know crypto ERI? I would love to hear a video with you two chatting!
