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News / Crypto / Ripple CTO Explores XRP Ledger's LP Token Burn Mechanism in AMMs

Ripple CTO Explores XRP Ledger's LP Token Burn Mechanism in AMMs

Published: 08.04.2024
Ripple's CTO, David Schwartz, recently discussed the process of burning liquidity provider (LP) tokens in XRP Ledger (XRPL) automated market makers (AMMs). This conversation sheds light on the mechanism behind AMMs and LP tokens, which are integral components of XRP Ledger's decentralized exchange.

AMMs operate via smart contracts and facilitate liquidity provision, with participants receiving LP tokens in return for depositing assets into the AMM. Schwartz's insights offer valuable understanding into this aspect of the XRPL ecosystem.
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