Liquidity Pools
Last updated
Last updated
The world of decentralized finance (DeFi) thrives on liquidity pools that act as the main venues for cryptocurrency transactions. This guide will allow you to contribute to these pools on the Scopuly platform by adding liquidity and will explain how to withdraw your contribution if necessary.
Think of liquidity pools as reserves of digital assets on DeFi platforms like Scopuly. They ensure smooth trading by holding equal values of two different tokens (e.g. XLM and USDC). When users trade on Scopuly, they are essentially exchanging tokens from this pool. Liquidity providers, such as yourself, contribute assets to these pools and are rewarded for facilitating trades.
