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Our docs are in beta, please join our Discord community for any clarification.

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 * Welcome to the show! 🎻👀
 * How to use Devnet
   * Start here
   * Set up a Crossmark wallet
   * Connect to Orchestra
   * Get the Testnet tokens
   * What you can do on Devnet Orchestra
 * XRPL Basics
 * DeFi Basics
 * FAQ

 * 
 * How to use Devnet
 * Start here


START HERE

Q.

What is an AMM?



A.

AMM stands for "Automated Market Maker".
AMMs are programs that allow users to buy and sell digital assets without the
need for traditional buyers and sellers. Instead, AMMs use algorithms to set
prices based on the amount of assets being traded, and users trade directly with
the program. This creates a decentralized market where anyone can participate.
The AMM is only live on AMM devnet; you can find more information at XLS-30
discussion.
You can find the detailed explanation about AMM on XRPL here.



UNIQUE POINTS

 * The AMM engine is built into the XRP Ledger itself unlike the other chains
 * Liquidity is aggregated natively across the whole XRPL—no liquidity
   separation across different projects
 * Votable Trading Fee for liquidity providers
 * Interoperable with order book DEX
 * Continuous Auction Mechanism reduces trading fees for arbitrageurs and
   provides benefits to liquidity providers
   
   
   We're preparing separate documentation for these!

Q.

What is Devnet?



A.

XRPL has the parallel test networks which are for testing changes to the XRP
Ledger and software built on it, without using real funds.

Orchestra AMM DEX is now live on XRPL Devnet.



 * Devnet tokens are intended for testing only and not monetary valuable.
 * All balances and XRP on these networks are separate from Mainnet. As a
   precaution, do not use the Devnet credentials on the Mainnet.

You can find all parallel networks here.

TL/DR;
 * You don't require actual funds to explore new AMM features.
 * It's not possible to earn tokens with real monetary value on the Devnet.

Through the use of the Devnet, you can acquire fundamental knowledge of AMM.
It's priceless!

Last updated on Oct 3, 2023 by Nutcracker
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