Liquidity pools are one of the foundational technologies behind the current DeFi ecosystem. They are an essential part of automated market makers (AMM), borrow-lend protocols, yield farming, synthetic assets, on-chain insurance, blockchain gaming – the list goes on.
What is DeFi in Cryptocurrency? (Liquidity Pools) In cryptocurrency, DeFi, Decentralized Finance, means that currency transactions can take place on-chain without the intervention of a centralized authority. DeFi aims to jettison intermediaries, such as banks, who...