AMMs like Ruby.Exchange are the critical components of DeFi ecosystems, providing hubs for liquidity, users, and dapp developers. Their importance means that any AMM bears an especially high degree of responsibility to remain open, neutral, and secure.
Ruby.Exchange is built on the Cypherpunk principle that a widely dispersed system can't be shut down, taking into account the reality that this requires dispersal of governance and economic influence (token holdings) as well as dispersal of blockchain infrastructure.
The only way Ruby can operate securely and effectively is as a decentralized autonomous organization (DAO). Ruby DAO will govern, maintain, and safeguard the Ruby Exchange Protocol to ensure the long-term sustainability of the AMM and other vital ecosystem components.