 | What is a liquidity pool ? A liquidity pool is essentially a stash of funds deposited into a smart contract by users (liquidity providers) who receive rewards or fees for their contributions. It provides constant funds (liquidity) on decentralized exchanges for traders to buy or sell tokens anytime without needing someone else on the opposite side of their trade. Advantages of Participating in a Liquidity Pool
Risk of Liquidity Pool
How do I start a liquidity pool crypto? Starting a crypto liquidity pool involves several steps including selecting a token pair you want to provide liquidity for on a decentralized exchange platform, adding these tokens into your wallet, connecting your wallet with the exchange, specifying how much liquidity you want to provide and finally confirming the transaction. For More: https://heybeluga.com/articles/cfa07cd0-e7dd-4f8b-ac9e-f23f4c53f207/# [link] [comments] |
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