Neil Hartner, a senior software engineer at Ripple, has revealed the XRP Ledger (XRPL) could “revolutionize” the world of decentralized finance.
The Hartner discovery revolves around the concept of one-way deposits in XRPL’s automated market makers (AMMs).
This breakthrough allows users to contribute account computation to pools even if they cannot hold one of the assets required for a pool of tools that can perform restricted mode access. Hartner shared that as long as individuals hold one of the assets, they can make one-way deposits and withdrawals from the pool, limited only to the assets they are authorized to hold.
Nik Bougalis, Ripple’s former chief technical officer, also participated in the discussion, revealing that one-way deposits is a feature he has supported since the early stages of development. Bougalis humored that this concept was included in the final version of XRPL’s AMM.
Hartner shared on X the following:
“ Currently, if there are any offers on the order book (order book) that are higher than 0.454, those offers will be matched by the AMM as part of the deposit rebalancing. So then you can get something else for 11,000 XRP and 5,000 XRP in the pool.”
This newly discovered capability is not limited to XRP pools; it extends to any group whose owner owns one of the assets involved. It simplifies the work of providing account bars and allows more participants to participate in DeFi without the need for a complex line of trust.
The XRP community is not happy about Elon Musk:
Posts promising a significant XRP airdrop have been appearing more and more, leaving frustrated users questioning the platform’s ability to control spam and malicious activity.
Cryptocurrency users are using the platform to express their frustration, with KOL Coach K Crypto (@Coachkcrypto) posting that “Elon Musk, why do I see more than 10 of these scam posts every day?” But are they still not banned?”
Ripple has always been a prime target for scammers due to the popularity of the XRP token.
However, in recent months, scammers have increased media attention surrounding Ripple’s legal victories and upcoming anniversary events.
This must seem to attract more bad actors, who see the enthusiasm surrounding Ripple and XRP as an opportunity to benefit gullible investors.
Ripple CEO Brad Garlinghouse recently announced a celebratory event in New York City.
Scheduled for September 29, the event is expected to mark a major legal victory for Ripple against the US Securities and Exchange Commission.
