Ripple's CTO David Schwartz unveils intriguing updates on his trading bot
recently unveiled updates regarding his trading bot, sparking intrigue within the XRP community. The bot, developed by Schwartz, operates on an algorithm reminiscent of XRP Ledger's AMM algorithm. Initially designed for trading on centralized exchanges, Schwartz disclosed that the bot has undergone testing, primarily focusing on In a recent development, Schwartz disclosed the implementation of a new strategy for the bot, envisioning three distinct AMMs for Ethereum, and Solana.
I found a compromise. The bot now imagines three AMMs and makes the same trades those AMMs would make. This allows me to take more risk by imagining larger AMMs. Here's three hours of its trades now., as they can be created with any two assets supported by XRP Ledger. However, he predicted that AMMs involving XRP will likely dominate, attributing this to the algorithm's bias toward volatility harvesting, particularly advantageous in volatile markets.
As a precautionary measure, RippleX has advised against depositing new funds into these pools until the discrepancies are rectified. According to the report, the engineering team is working alongside community participants to address the issue, promising timely updates to the community. Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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