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Liquidity Pool
Platypus Cyberpunks focuses on being as decentralized as possible. In our efforts to continue promoting Defi, you can find the verified community run liquidity pools on Minswap and VyFi. Venom (VNM) token can be found on coinmarketcap.
AMMs (Automated market makers) are part of the DeFi (decentralized finance) ecosystem. AMMs allow digital assets to be traded in a permission-less and automatic way by using liquidity pools rather than the traditional market of buyers and sellers. AMM users will supply liquidity pools with tokens, value will be determined by a constant mathematical formula. Liquidity pools are an essential instrument in the DeFi ecosystem and can be optimized for multiple purposes.
A liquidity pool can be thought of as a pool of cryptocurrency assets locked within a smart contract which can be used for DeFI leveraging AMMs. In traditional finance (Centralized Finance or CeFi), liquidity is provided by a central organization, such as a bank or a stock exchange.
Last modified 1mo ago