Jump to content


  • Posts

  • Joined

  • Last visited

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

doopers's Achievements

  1. I could be wrong, but my impression is that every single corridor they open up is its own process. For instance, you need to align data standards and message formats, figure out compliance, etc. I'm sure it's an easier process than establishing odl on the corridor, but it's still gotta take time. So when SABB starts working with ripple, they don't just flip a switch and have everything running on ripplenet right away. My guess is that the first two corridors may be at the stage where they're running very small value transfers through odl by now at most, and the USD corridor can't be odl until the SEC case is complete.
  2. Seems incredibly unlikely that this corridor is ODL if it connects to USD. I think that's also why they say near real-time settlement. Still, the rails are being laid all over the world!
  3. Ngl, most interested in the fact that Huckleberry gives exposure to the DOT ecosystem. For anyone who wants to play around with using some xrp to provide liquidity in the XRP/FINN pool, just first make sure that you really understand what impermanent loss is. Also, keep in mind the APR of each pool is heavily dependent on the value of the exchanges native token, FINN. I'm personally converting a big chunk of my LP rewards into coins like XRP, DOT, and USDC, instead of restaking everything. That lowers my returns, but means I lose less if the bottom falls out of FINN
  4. Just a friendly reminder to everyone engaging with you-know-who. Don't feed the trolls.
  5. If you go to your account, you can also add users to your ignored list.
  6. Big fan of Bancor. Finally dipped my toes into the defi waters. Their single-sided staking and impermanence loss protection are really interesting, and they've apparently got something big on the horizon with v3 (rolling out in the next few months). Only downside is the gas fees because they're on Ethereum, but supposedly v3 will help with that, as will eventual integrations w/ L2 solutions like Arbitrum and Polygon.
  7. Well, they did mention this snippet about Europe, which I haven't seen any mention of from other sources: As Europe continues to be a key market, Ripple announced its appointment of Sendi Young as managing director of Europe. A quarter of Ripple’s current customers are based in Europe, and year to date, European ODL transactions grew by 250% in comparison to 2020, making up over 40% of all ODL transactions year to date.
  8. This also explains why utility scan hasn't been picking up much activity recently, and nothing that could be FlashFX traffic.
  9. That's a mischaracterization. He said that, if the case were going to be settled soon, it would happen within that time period. If they didn't settle within those few weeks, he predicted that settlement wouldn't happen until post-discovery.
  10. Yeah, I don't know how useful the stats from today will be. This all seems connected to the coordinated XRP pump that people are talking about. It almost seems like the low volume days are the only ones that can give any insight into what ODL traffic is like.
  11. I think there's some pretty strong evidence that ODL is still active on the USD/MXN corridor. In addition to the hourly patterns that @JASCoder has spotted, I've noticed some familiar patterns at the ground level. These transactions that are all the same amount, and in quick succession, mimic the pattern we saw before Bitstamp shut down. Additionally, it seems like market makers keep a fairly consistent spread throughout the day. I'd imagine either that Ripple has now made it harder for us to track specific transactions in the way that UtilityScan was able to do previously, but it is nice to see evidence that ODL has not actually stopped functioning on their largest corridor.
  12. Just from the sheer number of transactions and the regularity of them (they seem like batch treasury payments) I've long assumed that 25370527 is the destination tag for MGI's USD/MXN traffic, 58871619 is their AUD/USD traffic, and 255406 is their USD/PHP traffic.
  13. Some familiar traffic coming back. Does anyone remember, is destination tag 59474829 MGI?
  14. I'm not sure that's true actually. I think it makes a lot of sense that XRP is the limiting factor. This whole system relies on market makers, who rely on arbitrage to make a profit. Every day, market makers on one side of the transaction are only buying XRP, and thus end up with a surplus of XRP that needs to be changed back into the local currency. The other side is only selling XRP, and thus end up with a surplus of local currency that needs to be converted back into XRP. The rebalancing that needs to happen is the real limiting factor. And market makers' ability to rebalance is limited by liquidity, not price. So it makes sense that ODL has been throttling based on the volume of XRP that market makers would be able to rebalance while still making profit each day.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.