Web3 Showcase | User Avatar

0xf613…c607

ICO Drops

Web3 Showcase | LP Tokens image

LP Tokens

2022-10-31 - ongoing

Liquidity provider tokens or LP tokens are tokens issued to liquidity providers on a decentralized exchange (DEX) that run on an automated market maker (AMM) protocol. Uniswap, Sushi and PancakeSwap are some examples of popular DEXs that distribute LP tokens to their liquidity providers. LP tokens are used to track individual contributions to the overall liquidity pool, as LP tokens held correspond proportionally to the share of liquidity in the overall pool.

Comments

Powered by: Proof-of-Talent

To get yours create an account following the link.