Q.
What is an AMM?
A.
AMM stands for "Automated Market Maker".
AMMs are programs that allow users to buy and sell digital assets without the need for traditional buyers and sellers. Instead, AMMs use algorithms to set prices based on the amount of assets being traded, and users trade directly with the program. This creates a decentralized market where anyone can participate.
The AMM is only live on AMM devnet; you can find more information at XLS-30 discussion.
You can find the detailed explanation about AMM on XRPL here.
AMMs are programs that allow users to buy and sell digital assets without the need for traditional buyers and sellers. Instead, AMMs use algorithms to set prices based on the amount of assets being traded, and users trade directly with the program. This creates a decentralized market where anyone can participate.
The AMM is only live on AMM devnet; you can find more information at XLS-30 discussion.
You can find the detailed explanation about AMM on XRPL here.
Unique points
- The AMM engine is built into the XRP Ledger itself unlike the other chains
- Liquidity is aggregated natively across the whole XRPL—no liquidity separation across different projects
- Votable Trading Fee for liquidity providers
- Interoperable with order book DEX
- Continuous Auction Mechanism reduces trading fees for arbitrageurs and provides benefits to liquidity providers
We're preparing separate documentation for these!
Q.
How can I earn?
A.
You can share in trading fees by providing liquidity.
For example, if you provide liquidity to the XRP-USDC pool, you can earn a portion of the fee each trader pays when they execute a swap between XRP and USDC (using your pool).
* that trading fees are distinct from XRPL transaction fees.
For example, if you provide liquidity to the XRP-USDC pool, you can earn a portion of the fee each trader pays when they execute a swap between XRP and USDC (using your pool).
* that trading fees are distinct from XRPL transaction fees.
Q.
OK, but how much can I earn?
A.
It depends on trading fees, which are votable by liquidity providers, as well as trading volume.
At this point, we are unable to determine these figures yet, as they require complicated calculations.
However, there is no need to worry! Once our website is fully live on the mainnet, you will be able to easily access this information.
At this point, we are unable to determine these figures yet, as they require complicated calculations.
However, there is no need to worry! Once our website is fully live on the mainnet, you will be able to easily access this information.
Q.
Why XRPL?
A.
- Low transaction fees Transaction cost is less than 0.01 USD
- Speedy transactions Average transaction time is 3-5 seconds
- No front running, no gas wars It is very difficult to front-run on XRPL due to fixed transaction fees. Good for traders!
- Scalable solution Capable of settling thousands of transactions in seconds, with tools and documentation that speed development and reduce time to market
- Sustainability Unique consensus mechanism that consumes negligible energy with no mining required
Q.
Where does “Orchestra” come from?
A.
First of all, we love music!!!
An orchestra has a conductor, a concertmaster, and members. Each person has their own strengths and corresponding role, so the orchestra can only function when they all come together. We believe this description fits our team very well. We would also love to involve our community in creating better music.
An orchestra has a conductor, a concertmaster, and members. Each person has their own strengths and corresponding role, so the orchestra can only function when they all come together. We believe this description fits our team very well. We would also love to involve our community in creating better music.
Q.
Who's behind Orchestra?
A.
Orchestra Finance is composed of 9 industry experts with extensive experience in leading DeFi projects. Our mission is to make Orchestra the go-to DEX interface on XRPL by providing users with an affordable, simple, and fun trading experience.
Join our community for the discussion 👉 Orchestra community server on Discord.
Join our community for the discussion 👉 Orchestra community server on Discord.