LP Token definition
Définition
An LP Token is a special receipt you get when you deposit two different cryptocurrencies into a Liquidity Pool on a decentralized exchange (DEX).
LP stands for Liquidity Provider. The LP token is valuable because you can use it to claim your original deposited crypto plus any trading fees you've earned while your funds were helping others trade.
LP stands for Liquidity Provider. The LP token is valuable because you can use it to claim your original deposited crypto plus any trading fees you've earned while your funds were helping others trade.
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