Liquidity Pool

A liquidity pool is a collection of cryptocurrency locked in a smart contract, enabling quicker transactions. Liquidity pools benefit yield farming and blockchain games. They incentivize liquidity providers (LPs) who receive rewards called liquidity provider tokens (LPTs) proportional to the contribution made by LPs, usable in various ways within the DeFi network.

More Definitions

Liquidity

In business, economics, or investment, market liquidity refers to a characteristic of a market in which an individual or company can swiftly buy or sell an asset without significantly impacting the asset's value.

Lightning Network

The Lightning Network is a solution designed to address the scalability challenges of the Bitcoin blockchain. At its core, it is a payment channel network operating at the layer-two level on the blockchain. The Lightning Network was introduced by Joseph Poon and Thaddeus Dryja in a paper published in January 2016.

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