Jump to content

Xpool on BSC


thecandymancane
 Share

Recommended Posts

I have been searching this place for xpool related topics and came to an article with no reply at the end after someone posted xpool.app

Questions i have about this particular project are:

-Could this be the old xpool that ripple was working on?
-Given that the Liquidity Hub prevents ripple from loaning out XRP to FIs or VCs connected to the LH, does that mean that xpool might be the solution for us retails?

- I personally don't think the LH will be opened to retail investors like us so we really do need to find an alternative.

- But this xpool.app has not had any traction to it since launching in may 2021. Could it be something that ripple has something in?

 

REaelly really confused about all this research i've done so i've decided to start a topic here to discuss. Be kind.. :)

Link to comment
Share on other sites

3 minutes ago, thecandymancane said:

I'll watch this because I've not seen it, but at what minute does he say...?

9 hours ago, thecandymancane said:

Given that the Liquidity Hub prevents ripple from loaning out XRP to FIs or VCs connected to the LH

I don't think Liquidity Hub was around in 2019, but xPool was registered with the copyright office. However Ripple essentially never said anything about it.

Link to comment
Share on other sites

5 minutes ago, KarmaCoverage said:

I'll watch this because I've not seen it, but at what minute does he say...?

I don't think Liquidity Hub was around in 2019, but xPool was registered with the copyright office. However Ripple essentially never said anything about it.

Yeah you may be right and I inferred wrongly. I was trying to make sense of something I guess lol. Listen at the 49min Mark onwards where he begins by saying he cannot talk about xpool. So does this mean the rumours that xpool equals to lh are false? 

Link to comment
Share on other sites

1 hour ago, KarmaCoverage said:

Ok I see where he dodged the xPool question but also said it's not fundamentally sound if Ripple subsidizes the payment flows, which makes some sense.

Then he says it would make sense if the subsidiaries went through Exchanges, which is exactly what I articulated. So...

yes that i agree and i fully understood your article. I'm just wondering if xpool.app is something that they are involved in and that retail can lend through xpool via the binance bridge. lol

Link to comment
Share on other sites

7 hours ago, thecandymancane said:

yes that i agree and i fully understood your article. I'm just wondering if xpool.app is something that they are involved in and that retail can lend through xpool via the binance bridge. lol

I can't remember where I read it, but I read something that articulated that retail holders would be able to provide liquidity in a crowdsourced way.

@JoelKatzalso said one time that they had figured out a method for enabling participation in a liquidity pool without forcing the liquidity providers to hold 2 units of value, meaning they wouldn't be exposed to "impermanent loss" risk.

I've been thinking about how that could be doable, without coming to a conclusion. It would be a significant Innovation & option for holders.

Link to comment
Share on other sites

2 hours ago, thecandymancane said:

If that were true. It would be amazing. Thank you for your insights @KarmaCoverage enjoyed every single bit. :)

Maybe it was when David said something about having innovated an AMM that users could provide liquidity to... on only one side. Thus removing the Impermanent Loss.

This would be a substantial financial innovation, because even going back the the old school days of the NYSE's Specialists who provided liquidity between Stocks and USD. Even they had to hold an inventory of 2 units of value (stock & USD).

https://www.investopedia.com/terms/s/specialist.asp

If anyone has or can find details on how this "one sided" opportunity to provide liquidity Please share! I'm curious, and can't figure out exactly how this is doable. I'm assuming some sort of crowdsourced methods, but idk.

Link to comment
Share on other sites

On 12/5/2021 at 11:29 PM, KarmaCoverage said:

If anyone has or can find details on how this "one sided" opportunity to provide liquidity Please share! I'm curious, and can't figure out exactly how this is doable. I'm assuming some sort of crowdsourced methods, but idk.

Wow the way you are describing more and more shows xpool being the one lol. What i read about xpool fits all of what you are describing.

Link to comment
Share on other sites

On 12/5/2021 at 10:29 AM, KarmaCoverage said:

Maybe it was when David said something about having innovated an AMM that users could provide liquidity to... on only one side. Thus removing the Impermanent Loss.

This would be a substantial financial innovation, because even going back the the old school days of the NYSE's Specialists who provided liquidity between Stocks and USD. Even they had to hold an inventory of 2 units of value (stock & USD).

https://www.investopedia.com/terms/s/specialist.asp

If anyone has or can find details on how this "one sided" opportunity to provide liquidity Please share! I'm curious, and can't figure out exactly how this is doable. I'm assuming some sort of crowdsourced methods, but idk.

bancor. Your deposit is locked until enough profit is generated to pay you off. You're essentially loaning the pool $100. Once you earn enough bancor to pay you back and the ama has some profit to play with, it uses your $100 and the bancor profit to continue paying profits. 

The magic is accomplished by having bacor token as a bridge. Another person is staking the opposing currency. Example bancor/xrp. From that users perspective they deposit $100 of xrp and that loan is matched with your $100 usd. Bancor is the bridge and the rewards token

If your deposit drops below $100 then some of your bancor profits are used to top your balance back up. 

The drawback to the system is that bancor is sold to offset impermanent loss. bancor could tank and the ama wouldn't be able to pay you back. But you would have received bancor tokens as rewards. Given enough time if the app had continuous use and earned revenue, it would be net positive so eventually you'd get your $100 back plus the rewards. 

The basic concept is that the smart contract knows your deposit. It knows the relative price of each coin and it does it's best to pay each person accordingly. 

bancors price is correlated to bancors success. In traditional economics the equivalent would be to guarantee the depositers that if their deposit is lost, shares of the company would be sold to pay them back. Risk is passed on to shareholders. The lockaway period is similar to an insurance policy to protect depositors. 

 

Link to comment
Share on other sites

@jargoman I'm not sure I follow your idea. However I think whatever @JoelKatz was talking about will work within the functionality of XRPL, & maybe RippleNet. 

I do like your idea of including a bridge currency. That made me think maybe David is thinking of using the synthetic orderbooks and XRP as a bridge between two orderbooks. 

So ABC:XRP orderbook & an XYZ:XRP orderbook. Then A user could deposit ABC or XYZ and you could use Autobridging to auto market make between the two.

This leaves the question open, How do you ensure neither orderbook loses liquidity.

@thecandymancane please know I have no insider knowledge. I'm just another guy on the internet.

Edited by KarmaCoverage
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share



×
×
  • 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.