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AMM: apply suggestions from review

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Co-authored-by: oeggert <117319296+oeggert@users.noreply.github.com>
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Rome Reginelli
2022-11-18 15:55:55 -08:00
committed by mDuo13
parent 720a322892
commit 572e0ab3c6
3 changed files with 4 additions and 4 deletions
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content/_snippets/amm-disclaimer.md
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_Automated Market Maker (AMM) functionality is part of the proposed [XLS-30d](https://github.com/XRPLF/XRPL-Standards/discussions/78) extension :not_enabled: to the XRP Ledger protocol. You can use these functions on AMM test networks, but there is not yet an official amendment and they are not yet available on the production Mainnet. Until there is an amendment, the details documented on these pages are subject to change._
_Automated Market Maker (AMM) functionality is part of the proposed [XLS-30d](https://github.com/XRPLF/XRPL-Standards/discussions/78) extension :not_enabled: to the XRP Ledger protocol. You can use these functions on AMM test networks, but there isn't an official amendment and they aren't available on the production Mainnet. Until there is an amendment, the details documented on these pages are subject to change._

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content/references/protocol-reference/transactions/transaction-types/ammcreate.md
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{% include '_snippets/amm-disclaimer.md' %}
Create a new Automated Market-Maker (AMM) instance for trading a given pair of assets ([fungible tokens](tokens.html) or [XRP](xrp.html)).
Create a new Automated Market-Maker (AMM) instance for trading a pair of assets ([fungible tokens](tokens.html) or [XRP](xrp.html)).
Creates both an [AMM object][] and a [special AccountRoot object](accountroot.html#special-amm-accountroot-objects) to represent the AMM; it also transfers ownership of the starting balance of both assets from the sender to the created `AccountRoot`, and issues an initial balance of liquidity provider tokens (LP Tokens) from the AMM account to this transaction's sender.
Creates both an [AMM object][] and a [special AccountRoot object](accountroot.html#special-amm-accountroot-objects) to represent the AMM. Also transfers ownership of the starting balance of both assets from the sender to the created `AccountRoot` and issues an initial balance of liquidity provider tokens (LP Tokens) from the AMM account to the sender.
**Caution:** When you create the AMM, you should fund it with (approximately) equal-value amounts of each asset. Otherwise, other users can profit at your expense by trading with this AMM ([performing arbitrage](https://www.machow.ski/posts/an_introduction_to_automated_market_makers/#price-arbitrage)). The currency risk that liquidity providers take on increases with the volatility (potential for imbalance) of the asset pair. The higher the trading fee, the more it offsets this risk, so it's best to set the trading fee based on the volatility of the asset pair.

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content/references/protocol-reference/transactions/transaction-types/ammwithdraw.md
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{% include '_snippets/amm-disclaimer.md' %}
Withdraw funds an Automated Market-Maker (AMM) instance by returning the AMM's liquidity provider tokens (LP Tokens).
Withdraw assets from an Automated Market-Maker (AMM) instance by returning the AMM's liquidity provider tokens (LP Tokens).
## Example {{currentpage.name}} JSON