Permissionless exchanges are now starting to evolve onto the bitcoin side chain, the liquid network, you can now provide liquidity for different pairs on liquid and earn fees on trades, while not as lucrative as the scam token DEFI space I think it does provide some helpful options for those looking to move in and out of bitcoin -->> https://thebitcoinmanual.com/articles/liquidity-pools-liquid-network/ A liquidity pool is a crowdsourced pool of funds like bitcoin or a stablecoin locked in a smart contract that is used to facilitate trades between the assets on a “decentralised exchange (DEX)”. Instead of traditional markets of buyers and sellers looking to match up with one another. These decentralised finance (Defi)” platforms provide automated market makers (AMMs), which allow bitcoin assets to be traded in an automatic and permissionless manner through the use of liquidity pools.
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