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 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!
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
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.
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 🎉
@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
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.
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.
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.
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...
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.
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?
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.
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 👊
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.
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.
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?
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 .
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!!!
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 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!
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!
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.
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.
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 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!
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
Load those bags up!!! hehe
😂😂😂
I just discovered your channel via Twitter but already you are one of my favorite XRP channels already. Good job Lewis.
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. 👏
the horizn is now. alo david mocked at the idea of xrp being backed by gold. he plays both sides
A community making our own AMM world be awesome!
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.
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 🎉
Ditto!!!!
Well put. Baby steps tho
Great sharing, Lewis. Can you make a video of how to create Liquidity pool with Polysign as you mentioned. Step by step guide etc.
I'd join a pool with lew lew and the community..let's all get paid.
I need to watch a few listen to this 2 more times lol
With all the garbage on youtube Lewis makes great vids , easy to understand and get the point without all the bs . Thwnk you sir XRP🚀🚀🔥
When is this AMM coming into place for us Regular investors to use and profit
300 watching and only 50 likes.. Let's get this party started
🔥😎🔥
“Impermanent loss” was the first thing I thought about when I first saw AMM
@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
100 XRP and 100 USD is not real, if you build liquidity then both parts must be same value. $.66 XRP means you have to use $1000 and 1500xrp.
Yes would like to invest in AAM
Great video Lewis, top notch man. Fantastic work! I hope you have a fantastic weekend my dude.
Thanks! You too!
Clear concise and I followed all the way through 👏👏
Nice video and good attitude to expand your knowledge by connecting with several. I think that is what we all should do it now👌🏼
@Lewis Jackson let’s do it!! I will love to do it!
The adverts really help you understand better in this video
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'm also interested in this, but I don't quite understand. I thought that if you give custody to someone else then the crypto isn't really yours.
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.
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.
Hi Lewis
I like the idea of being part of a community LP from this channel 👍
Good content. Thanks again
Hi. Would love to know how you are in the process of moving your xrp to Polysign.
This is a phenomenal breakdown. Thank you Lewis. I want to protect my assets and this sounds like the best option so far.
Im interested in this community as a whole AMM👍
I agree we the XRP community should build our own AMM for the x Army gets profits no matter how long as we provide AMM across XRP influence groups.
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.
what is the minimum XRP you need to have to sign up with Poly Sign (was that $100.000?)
Your idea about a community AMM is really interesting.
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...
In the future there'll be clear guidance on how to get involved. Mind-blowing video. Congratulations Lewis
Complicated,need a course on AMM alone...😮
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.
When will XLS30d be implemented?
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?
Only in the US so the rest of the world doesn’t give a shit
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.
I always planned not to sell my xrps, just provide utility and earn passive income.
Tell me mooaar Lewis!
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.
Thankyou. If i lock my xrp up for 1 year, would my xrp back or a stable coin payout?
hi lewis, is it safe to keep my xrp out side my cold wallet with some one else WHO R THEY an what and how
Think a like minded AMM community sounds great. Would like to learn more about this. 👍🏼
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 👊
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.
Yeah - I would love to join the AMM community liquidity pool system. R u setting it up.
Thanks for the DD.
I would be interested in starting a liquidity pool.
Thank you Lewis for this additional Knowledge you shared. Really appreciated.
Wish the price would reflect all this news.. 13% a year gain is pretty crap in regards to Xrp price in 6.7 years.
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.
Would it be better to do this post moon? I really wouldn’t want to lock up my XRP prior to say a $1000 dollar XRP
Great idea for the community, I’m in
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?
Good Job Lewis!
Annoying music looping in background though mate.
Definitely would be interested in a pool, more info would be good
Lewis - the AMM liquidity pool system is being operated by The XLM followers through the lobster wallet.
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 .
Let us create our own community to provide liquidity to the pool
Community AMM is a must!!!🔥🔥🔥
Whatever we are down to 63 cents. Are we kidding ourselves? Are we ready to hit .05 cents? How low can we go?
Fantastic ! Well presented ,amms will be a great new accumulator
What if xrp goes to $5.00 a coin, or higher. Can the amm keep up?
Great stuff Lewis!! But,... I might have to watch this again,..lol. 🤪
What's the difference with high yield farming with Flare? FLXRP ?
So if xrp is worth $10 and we contribute 10,000 xrp to amm, we will also need to contribute $100,000?😮
Our own AMM is very interesting for the XRP Army retail investers...
I will return later to try to listen to this again I made it about halfway through before my brain melted into mush
My goodness…. this is massive 😍
And yes, of course this is better doing together 🙌🏻🚀
This is massive Lewis. Thanks
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!!!
Very good Video! Thanks so much for your great Job. ❤️
Wait POLYSIGN IS CURRENTLY PROVIDING CUSTODY. how did you start moving your crypto to polysign
And when the train leaves don’t complain you didn’t get a ticket because the ticket station was right infront of your eyes
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?
Too bad I cannot buy XRP IN New York. 😢
I would definitely be interested in this. much better that you know your members of a liquidity pool in a community. very interesting !!
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!
So where does Flare factor in on this?
Love what you do Lewis! Please stop the background music! Is that something I can do?
We need TRANSPARENCY. THERE SHOULD BE PRICE ACTION WITH ALL THESE DEVELOPMENTS. TRANSPARENCY.
I will join your AMM and our community pool Lewis
2.5k+...Thanks Lewis
Is there a minimum amount of xrp to store on polysign? 100k ?
Where do we start
Product implies multiplication. Sum is for addition.
Community AMM is very interesting. I wonder if this group would be large enough though?
How safe is it leaving xrp bags on a.m.m
Hi Lewis, how do I get my XRP from polysign to another platform?
All the words that came out your mouth got be bullish! Thanks LJ
Lewis were the heck is that live Man.. I can't see it anymore I needed to see Tee crypto spot..
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!
We need the 24/7 livestream re uploaded 😢
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 would certainly be interested in being part of like minded group to be a liquidity pool 👌🙏
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.
Great job as usual 👏👏
Is staking your XRP safe to do OR to be avoided like the plague?