Liquidity Pool
IntermediateA liquidity pool is a collection of funds locked in a smart contract that facilitates trading on decentralised exchanges (DEXs) without relying on traditional buyers and sellers. Users deposit tokens into these pools and earn rewards or fees in return. Liquidity pools power automated trading using a method called Automated Market Making (AMM). They are core to DeFi platforms like Uniswap and PancakeSwap. While they offer earning potential, risks such as impermanent loss and smart contract vulnerabilities exist.