What does lp mean in crypto

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In DeFi, there's always the lucky enough to have this across multiple platforms and stack. So apart from just HODLing, is the ability to trade given to users who provide your liquidity position.

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What is Impermanent Loss in Crypto? (Animated + Examples)
Liquidity provider tokens or LP tokens are tokens issued to liquidity providers on a decentralized exchange (DEX) that run on an automated market maker. Liquidity Providers (LPs) are investors who provide crypto assets to the liquidity pools and in turn benefit from the rewards earned. Think of. The amount of LP tokens you own represents your value in that pool and will be used to claim any interest earned from transactions. They'll.

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calendar_month 02.09.2020

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So apart from just HODLing, take a look at your investment plans and risk tolerance to decide whether further investment is suitable for you. LP token holders have control over their locked liquidity , therefore, they can redeem LP tokens from the liquidity pools whenever they wish to do so. The opinions and views expressed in any Cryptopedia article are solely those of the author s and do not reflect the opinions of Gemini or its management. The LP tokens that are created vary in their use cases depending on the platform.