1H
0.09%$0.0003
24H
4.73%$0.0156
7D
2.76%$0.0093
30D
-16.4%$0.0679
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 provides an explanation on PancakeSwap (CAKE) – BSC-based DEX that facilitates the trading of BEP-20 tokens and implements AMM.