# Kelly

By [Untitled](https://paragraph.com/@0xcd0317e1ba25647290c0e19e4adff63a673755bb) · 2024-04-24

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

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*Originally published on [Untitled](https://paragraph.com/@0xcd0317e1ba25647290c0e19e4adff63a673755bb/kelly)*