XRPL's AMM Swappable Curves amendment.

A new draft amendment for the XRP Ledger proposes adding three pricing curves to the native AMM: constant product, concentrated liquidity, and StableSwap. Each pool would pick the curve that fits the assets it holds.

Today the XRPL's AMM uses a single curve for every pair. That works for volatile assets, but is inefficient for near-1:1 pairs like stablecoins, where most of the pool's liquidity sits at prices nobody trades against.

Concentrated liquidity lets providers focus capital inside a narrow band where trading actually happens. StableSwap is tuned for pairs that should track each other. Constant product stays the default for everything else.

For an XRPL already holding more than $3 billion in tokenized real-world assets, fitting the curve to the asset is what lets a single AMM serve both volatile pairs and stablecoins without compromising either.