research: integration with XRPL AMM - Githubissues

futureversecom / trn-seed

Implementation of The Root Network node in Rust, based on the Substrate framework.

https://www.therootnetwork.com

Apache License 2.0

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research: integration with XRPL AMM #340

Closed zees-dev closed 1 year ago

zees-dev commented 1 year ago

Integration with XRPL AMM (Automated Market Maker)

find simplest integration to be made to XRPL AMM

How to integrate with XRPL chain from root network
- How does the bridge/state oracle work with misc. data from other chains?
- Can we use the same relayer (bridge architecture) we have now to facilitate cross-chain tx
Can we use XRPL chain/AMM as an oracle for XRP price?
- Would the XRPL DEX have an XRP <-> Stablecoin pool (which we can use to get price?)
- If so, how often can we retrieve this data and update the price safely on root

XRP AMM design: https://github.com/XRPLF/XRPL-Standards/discussions/78

Existential questions

How will XRPL AMM work with our DEX (will it?)
- Can we somehow integrate with their AMM for shared/cross-chain liquidity?
- If so, would there be any implications for multicurrency?
- If not, could the DEX on root perform arbs against XRP to stabilize XRP price on root?

justinfrevert commented 1 year ago

Noting the https://xrpl.org/amm_info.html rpc method available. We should probably do some testing against this