Question 1

How does Magnetic work?

Accepted Answer

Magnetic is a decentralized exchange built on the XRP Ledger (XRPL), using XRPL’s native DEX and AMM‑style pools for token swaps and liquidity. It aggregates XRPL‑based trading pairs and liquidity so users can swap XRP and XRPL tokens from wallets like XAMAN. The platform also integrates farming, NFTs, and other DeFi tools directly on the XRPL, leveraging fast, low‑cost settlement and trust‑line‑based tokens.

Question 2

Is Magnetic a secure platform?

Accepted Answer

Security is guaranteed by non‑custodial design, where users trade and farm directly from their XRPL wallets without depositing funds onto a centralized entity. The XRP Ledger itself provides robust, battle‑tested consensus and low‑cost, final‑settlement transactions, which reduces many common attack vectors. Magnetic is positioned as a safe, user‑friendly gateway to XRPL DeFi for both casual users and more active traders.

Question 3

How to use Magnetic?

Accepted Answer

First, users connect an XRPL wallet such as XAMAN or Girin and select the XRPL network inside the Magnetic interface. Next, they can swap tokens, add or remove liquidity in AMM pools, and participate in farming, NFT, or “Crash”‑style game features. Finally, users can track balances, rewards, and positions all onchain, with no need to move assets off the XRPL ledger.

Question 4

What services does Magnetic offer?

Accepted Answer

Magnetic offers a full XRPL‑native DEX suite, including token swaps, AMM liquidity pools, and yield‑farming programs, plus NFTs and on‑chain games. Users can trade XRP and XRPL tokens, provide liquidity, earn rewards, and interact with various XRPL‑based mini‑apps from one unified interface. The platform also serves as a DeFi hub for the XRPL, helping to drive liquidity and community activity into the broader XRP‑Ledger ecosystem.