1H
0.11%$0.0000
24H
-0.23%$0.0000
7D
3.11%$0.0004
30D
1.04%$0.0001
Decentralized finance has been at the center of the cryptocurrency blaze recently, and the liquidity pool is an essential aspect of DeFi. In this article, we’ll be describing the concept of liquidity pools, explain why we need them and how they work.
The guide deals with Universal Market Access (UMA) protocol – an open-source infrastructure that allows DeFi developers to create their synthetic tokens and derivatives in the Ethereum network that can keep track of any asset’s prices.