Jack The Rippler: Arbitrage on the Decentralized Exchange of the XRP Ledger
This addresses the challenge of capitalizing on price inefficiencies in decentralized exchanges for traders, but it appears incremental as it applies existing arbitrage concepts to a specific platform.
The authors tackled the problem of identifying and exploiting arbitrage opportunities on the XRP Ledger's decentralized exchange by developing a bot called Jack the Rippler, which automates the process to potentially generate profits, though no concrete performance numbers are provided.
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.