Have you heard of yield farming or staking, two terms that are frequently used in the cryptocurrency world? Decentralized exchanges and these services are supported by several protocols in the Defi ecosystem. What are the benefits and risks of LP tokens and how does it work? Let’s learn more about the LP token now.Understanding LP Tokens?Liquidity provider tokens or LP tokens are tokens issued to liquidity providers on a decentralized exchange (DEX) that runs on an automated market maker (AMM...

Have you heard of yield farming or staking, two terms that are frequently used in the cryptocurrency world? Decentralized exchanges and these services are supported by several protocols in the Defi ecosystem. What are the benefits and risks of LP tokens and how does it work? Let’s learn more about the LP token now.Understanding LP Tokens?Liquidity provider tokens or LP tokens are tokens issued to liquidity providers on a decentralized exchange (DEX) that runs on an automated market maker (AMM...