{"id":96062,"date":"2026-05-27T14:03:01","date_gmt":"2026-05-27T14:03:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=96062"},"modified":"2026-05-27T14:03:01","modified_gmt":"2026-05-27T14:03:01","slug":"a-single-xrp-ledger-proposal-just-put-the-entire-defi-world-on-notice-heres-why","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=96062","title":{"rendered":"A Single XRP Ledger Proposal Just Put The Entire DeFi World On Notice \u2014 Here\u2019s Why"},"content":{"rendered":"
\n

A new amendment proposal submitted to the XRP Ledger Foundation\u2019s repository<\/a> on May 26 would fundamentally redesign how liquidity pools function on the XRP Ledger \u2014 introducing multiple curve types, concentrated liquidity, and a future fully programmable AMM architecture that mirrors the most advanced decentralized exchange infrastructure currently operating on Ethereum.<\/strong><\/p>\n

The proposal, titled AMM Swappable Curves and designated XLS Discussion #547, was submitted by Denis Angell (@dangell7) and Roman Thpt (@RomThpt) \u2014 both active contributors to the XRPL codebase \u2014 and is currently in draft status awaiting community review, per the GitHub discussion thread. It builds directly on XLS-30, the amendment that introduced XRPL\u2019s original automated market maker in 2024.<\/p>\n

\"XRP<\/p>\n

The Problem The Proposal Solves<\/h2>\n

The current XRP Ledger AMM operates on a single invariant: the constant product formula \u2014 the same model used by Uniswap v2, where liquidity is spread uniformly across all price ranges. The proposal identifies three structural gaps that limit the current system\u2019s competitiveness.<\/p>\n

The first is capital inefficiency. Spreading liquidity uniformly means that only a small fraction is ever active near the current market price \u2014 making it less attractive for liquidity providers than concentrated alternatives. The second is curve inflexibility. Volatile trading pairs benefit from constant product pools. Stablecoin pairs benefit from StableSwap curves, which minimize slippage between closely correlated assets. Long-tail or asymmetrically weighted pairs benefit from Balancer-style weighting.<\/p>\n

Forcing all pairs into one model is a structural disadvantage, per the proposal. The third is composability. The XRPL payment engine already routes across AMM pools and its native order book \u2014 adding curve diversity multiplies available liquidity sources without requiring changes to existing pathfinding logic.<\/p>\n

What The Amendment Would Introduce<\/p>\n

The proposal introduces a pluggable curve architecture \u2014 pool creators select their preferred curve type at creation time from an initial set of three. Curve 0 is the existing constant product model, preserving full backward compatibility with all existing XLS-30 pools. Curve 1 is Concentrated Liquidity \u2014 equivalent to Uniswap v3 \u2014 allowing liquidity providers to target specific price ranges for dramatically greater capital efficiency. Curve 2 is StableSwap \u2014 equivalent to Curve Finance v1 \u2014 optimized for stablecoin and correlated asset pairs where minimal slippage matters most, per the proposal\u2019s specification.<\/p>\n

A fourth curve type \u2014 Smart AMM \u2014 is reserved for a forthcoming companion specification. It would allow pool creators to deploy WebAssembly binaries providing fully custom swap mathematics, dynamic fees, and lifecycle hooks including before and after swap, deposit, and withdrawal events. The architecture intentionally mirrors the host ABI and sandbox model already being developed for XLS-100 Smart Escrows \u2014 meaning the WASM runtime infrastructure is being built once and reused across multiple XRPL features, per the proposal.<\/p>\n

Why It Matters For XRP<\/p>\n

Multiple pools per token pair \u2014 one for each curve type \u2014 would operate simultaneously without affecting existing pools. The XRPL\u2019s payment engine would route across all of them automatically, selecting the optimal liquidity source for each transaction without any changes required from end users or existing integrations, per the technical specification.<\/p>\n

This development marks a pivotal moment for the XRP Ledger\u2019s DeFi infrastructure. A protocol that already hosts over $2 billion in tokenized real-world assets and processes $1.93 billion in monthly stablecoin transfers gaining Uniswap v3-grade concentrated liquidity and Curve Finance-style stable pools would represent a meaningful step toward institutional-grade on-chain liquidity \u2014 exactly the infrastructure that the asset managers, banks, and stablecoin issuers currently building on XRPL will eventually require.<\/p>\n

Cover image from Grok, XRPUSD chart from Tradingview<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A new amendment proposal submitted to the XRP Ledger Foundation\u2019s repository on May 26 would fundamentally redesign how liquidity pools function on the XRP Ledger \u2014 introducing multiple curve types, concentrated liquidity, and a future fully programmable AMM architecture that mirrors the most advanced decentralized exchange infrastructure currently operating on Ethereum. The proposal, titled AMM […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-96062","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96062"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96062\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}