Is launchpad and launchpool the same thing?

Hello,

Inbaddition to the questin in the title, Id like to know if we trade our bnb (or other coins) for new currencies or if we just lock them and then take them back with no losses.

Binance's article "Everything you need to know about binance launchpool" says that we farm new tokens for free while in several YT videos it is said that, on launchpads, a portion of your staked coins are traded for the new coins/tokens

Thanks a lot for any answers!