Stellar Validators Vote In AMM Integration That Could Boost Liquidity

Posted on by American Coins & Gold

Stellar Validators Vote In AMM Integration That Could Boost Liquidity
In a protocol upgrade Wednesday morning, tokenized money transfer protocol Stellar has launched an automated market maker (AMM) that will operate alongside its order book-based router and matching engine.The voted-in proposal could bring greater efficiency and utility by deploying a longtime staple of the decentralized finance (DeFi) world.Stellar is a blockchain protocol designed to facilitate cross-border payments between different forms of tokenized money, such as digital dollars and tokenized gold. Until today, the protocol operated with an orderbook-style matching engine, connecting buyers and sellers of various tokens.AMMs are a decentralized form of exchange pooling two assets, such as ETH and…