# Dale

By [Untitled](https://paragraph.com/@0xed9441fc0aaa8ae6c367d7cfba0e04b2aace2b35) · 2024-04-27

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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/@0xed9441fc0aaa8ae6c367d7cfba0e04b2aace2b35/dale)*