The XRP Ledger Foundation published AMM v2 for the XRP Ledger decentralized exchange, introducing additional swappable automated market maker pricing curves including StableSwap and concentrated liquidity. The update is intended to improve capital efficiency for liquidity providers and trading in stablecoins, foreign exchange markets, and real-world assets by enabling more precise pricing and lower slippage. The new input adds that AMM v2 could significantly enhance liquidity efficiency, support tokenized asset trading, and potentially attract institutional interest. A related draft proposal described the expansion as adding three swappable AMM curve types, addressing a long-standing limitation in XRPL DeFi by moving beyond a single AMM structure and offering more advanced liquidity management within the network’s native framework.