Jack The Rippler: Arbitrage on the Decentralized Exchange of the XRP Ledger
- Resource Type
- Working Paper
- Authors
- Peduzzi, Gaspard; James, Jason; Xu, Jiahua
- Source
- 3rd Conference on Blockchain Research & Applications for Innovative Networks and Services (BRAINS) (2021)
- Subject
- Computer Science - Cryptography and Security
- Language
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.