CRYPTO MAXX
--
💧 Do you know what "liquidity pools" are in the world of crypto?
In the world of decentralized finance (DeFi), liquidity pools are fundamental building blocks upon which decentralized protocols like Uniswap, PancakeSwap, and others are built.
But, what are these pools? How do they work? And why are they considered so important? 🤔
🔍 What are liquidity pools?
They are digital reservoirs containing a pair of cryptocurrencies (such as ETH/USDT), funded by users known as liquidity providers.
But, what are these pools? How do they work? And why are they considered so important? 🤔
🔍 What are liquidity pools?
They are digital reservoirs containing a pair of cryptocurrencies (such as ETH/USDT), funded by users known as liquidity providers.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.