It is a decentralized exchange (DEX) where anyone can provide liquidity by depositing a token pair of 50-50 ratio inside it. There are no order books and the price is determined by the constant product formula: x * y = k .
Read moreHow does staking LP tokens work?
LP token staking Providing liquidity requires staking equal values of different tokens, which generates a LP token . This new LP token is then staked in a new pool in order to earn a yield.
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