Stellar to do a staged rollout of AMMs, to go live soon, post validator approval
Stellar, a blockchain-based payment network is making its mark in the global payments sector, competing with remittance giants like MoneyGram and Western Union. It also boasts of a decentralized exchange for trading crypto and other assets. Improving liquidity remains an essential part of the firm.
Now, to do so Stellar has launched different initiatives to align with their 2021 growth plan. On 25 June, 2021, a technical proposal to enable automated market makers (AMMs) in Stellar Protocol 18 was officially deemed ready for implementation. This was a significant initiative towards improving liquidity. It was deemed to be released on 3 November.
As per the latest development, the firm offered some insights before to the approaching D-day, i.e.
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