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04/12 09:16

What is 'LP (Liquidity Provider/Liquidity Pool)'?

Hey there! I’ve been hearing a lot about LPs lately, and I’m curious to know more. What exactly does 'LP' stand for in the context of crypto? Is it related to liquidity providers or liquidity pools? How do they work, and why are they important in the crypto space? Thanks!
#Crypto FAQ
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