# Karen

By [Untitled](https://paragraph.com/@0x60b74123d830f7203c4be8bc87adc1b09704f6df) · 2024-03-19

---

What role do liquidity pools and automated market makers (AMMs) play in decentralized finance (DeFi) protocols like Uniswap and PancakeSwap?

---

*Originally published on [Untitled](https://paragraph.com/@0x60b74123d830f7203c4be8bc87adc1b09704f6df/karen)*