Jack The Rippler: Arbitrage on the Decentralized Exchange of the XRP Ledger
Gaspard Peduzzi, Jason James, Jiahua Xu
TL;DR
This paper introduces Jack the Rippler, an arbitrage bot that detects and exploits price discrepancies on the XRP Ledger's decentralized exchange, highlighting its process and associated risks.
Contribution
The paper presents a novel arbitrage bot specifically designed for the XRPL DEX, detailing its operation and analyzing the risks involved.
Findings
Jack the Rippler successfully identifies arbitrage opportunities on XRPL DEX.
The bot's deployment reveals specific market inefficiencies and risk factors.
Arbitrage on XRPL DEX involves notable risks that need careful management.
Abstract
The XRP Ledger (XRPL) is a peer-to-peer cryptographic ledger. It features a decentralized exchange (DEX) where network participants can issue and trade user-defined digital assets and currencies. We present Jack the Rippler, a bot that identifies and exploits arbitrage opportunities on the XRPL DEX. We describe Jack's arbitrage process and discuss risks associated with using arbitrage bots.
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