PancakeSwap

What is LP token?

LP tokens represent a crypto liquidity provider’s share of a pool, and the crypto liquidity provider remains entirely in control of the token. For example, if you contribute $10 worth of assets to a Balancer pool that has a total worth of $100, you would receive 10% of that pool’s LP tokens.

What is a governance token?

Governance tokens confer holders the power to influence decisions concerning the core protocol, product or feature roadmap, hiring and staffing, and changes to governance parameters. Another common form of project governance is through token-based treasury management.

How does Uniswap make money?

Traders can exchange Ethereum tokens on Uniswap without having to trust anyone with their funds. Meanwhile, anyone can lend their crypto to special reserves called liquidity pools. In exchange for providing money to these pools, they earn fees.

What do tokens represent?

Tokens can represent anything from a store of value to a set of permissions in the physical, digital, and legal world. They facilitate collaboration across markets and jurisdictions and allow more transparent, efficient, and fair interactions between market participants, at low costs.

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