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Copy file name to clipboardExpand all lines: docs/concepts/tokens/decentralized-exchange/permissioned-dexes.md
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| Hybrid | ✅ | ✅ | ✅ (same domain) | ✅ |
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| Permissioned | ❌ | ❌ | ✅ (same domain) | ❌ |
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There is no single ledger entry to represent a given permissioned DEX: it implicitly exists as all the order books with the same domain ID. Order books with a given domain ID are implicitly created when valid offers are placed using that domain ID, and those order books are automatically deleted when they are empty.
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There is no single ledger entry to represent a given permissioned DEX: it implicitly exists as all the order books with the same domain ID. Order books with a given domain ID are created when valid offers are placed using that domain ID, and those order books are automatically deleted when they are empty.
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A single transaction can use multiple order books with the same domain ID—in other words, different currency pairs in the same permissioned DEX—either as part of a longer [cross-currency payment](../../payment-types/cross-currency-payments.md) or through auto-bridging. A hybrid offer can match a mix of permissioned and open offers, but a transaction cannot use multiple different domains.
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The permissioned DEXes feature is enabled by the **PermissionedDEX** amendment, and relies on the [Credentials](../../decentralized-storage/credentials.md) and [Permissioned Domains](./permissioned-domains.md) amendments, so it cannot be used until _all_ of those amendments have been enabled.
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**Not Compatible with AMMs**
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#### Not Compatible with AMMs
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Permissioned DEXes are incompatible with [Automated Market Makers (AMMs)](../../tokens/decentralized-exchange/automated-market-makers.md). Permissioned offers and permissioned payments cannot be filled by AMMs, and access to AMMs cannot be restricted by a permissioned domain. Trades that use the open DEX can sometimes consume a hybrid offer and use an AMM in the same transaction, but transactions that specify a domain cannot use any AMMs.
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**Permissioned DEXes are independent**
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Each permissioned DEX is separate, with its own order books and offers. A single transaction cannot trade in multiple permissioned DEXes or aggregate liquidity from multiple permissioned DEXes. Hybrid offers can use a mix of one permissioned DEX and the open DEX, but they cannot use multiple different permissioned DEXes.
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**Security Credential Consideration**
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#### Security Considerations for Permissioned DEXes
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The security and fairness of a permissioned DEX depend on the owner of the permissioned domain and the issuers of credentials that grant access to it. At a baseline, the definition of each credential and the requirements for getting that credential are defined and enforced by the credential issuer, so the existence of a permissioned domain does not inherently mean anything about who is able to use it in practice.
Copy file name to clipboardExpand all lines: docs/concepts/tokens/fungible-tokens/multi-purpose-tokens.md
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_(Requires the [MPTokensV1 amendment][] {% not-enabled /%})_
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Multi-purpose tokens (MPTs) are a more compact and flexible type of [fungible token](/docs/concepts/tokens/fungible-tokens) on the XRP Ledger.
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Multi-purpose tokens (MPTs) are a more compact and flexible type of [fungible token](./index.md) on the XRP Ledger.
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MPTs let you take advantage of ready-to-use tokenization features with a few lines of code. You can create many token experiences from one token program itself.
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