Coinmonks
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Coinmonks

Demystifying What Liquidity Pools Are in simple English

A crypto liquidity pool is a ‘digital vault’ where participants called ‘liquidity providers’ deposit or store asset pairs so traders can trade, lend, borrow, and do more with their crypto.

And this is the foundation upon which a decentralized cryptocurrency exchange DEX is built.

I’ll break these down in a moment.

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Nuel Iyere

Nuel Iyere

Blockchain & B2B SaaS SEO copywriter: writing valuable & engaging content. Shoot me an email: nuelzypen@gmail.com OR connect with me on Twitter @nuel_emailcopy