Odaily Planet Daily report: XRP Ledger developers have submitted a draft amendment titled "AMM Swappable Curves," planning to introduce three swappable curves for XRPL's native automated market maker: constant product, concentrated liquidity, and StableSwap, with programmable Smart AMM to be added later.
This upgrade aims to allow liquidity providers to select more appropriate pricing curves based on asset types, thereby improving capital efficiency. Concentrated liquidity is suitable for trading pairs where most trading activity occurs within a specific price range, while StableSwap is better suited for assets with near 1:1 exchange rates, such as stablecoins or pegged assets. Existing AMM pools will continue to use the current constant product model and do not require migration.
This proposal is seen as a significant step toward filling the DeFi infrastructure gap on the XRPL. While over $3 billion in tokenized real-world assets already exist on the XRPL—including the recent Ripple and JPMorgan pilot for tokenized U.S. Treasury redemptions—more mature DeFi liquidity infrastructure is still needed to enable these assets to be traded, lent, or yield-generating more efficiently.
However, the proposal is currently in draft form and must still go through the XRPL amendment voting process, which could take several months, with no guarantee of final approval. (Coindesk)