Getting Started

If you’re here, you’re probably itching to get started with the AMM DEX.
This guide will help you take your first steps with Orchestra.

First of all, what is an AMM?

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.
XRPL AMM(known as XLS-30) feature went live on March 22nd 2024! 🥳

You can find more explanation about AMM on xrpl.org{" "}here.

Unique points of XRPL AMM

• The AMM engine is built into the XRP Ledger itself, unlike 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

👛 To use AMM, you need to have a self-custodial wallet installed.