liquidity pool</strong></a> since the amount of owned LP tokens corresponds to the liquidity share in the overall pool. They&rsquo;re given to liquidity providers on a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-exchange-dex/">decentralized exchange (DEX)</strong></a> run on an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-automated-market-maker-amm/">automated market maker (AMM)</strong></a>.</p>\n<p>DEXs that issue LP tokens to liquidity providers include <strong>Uniswap, PancakeSwap, and Sushi</strong>.&nbsp;</p>\n<p>In the most basic terms, LP tokens are very similar to tokens on the same network. For instance, Uniswap and Sushi operate on the Ethereum network. Therefore, LP tokens issued by these DEXs are considered to be <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-erc-20/">ERC-20 tokens. Consequently, they can be transferred, traded, and staked on other protocols just like a regular ERC-20 token.</p>\n<p><strong>LP token holders have control over their locked liquidity</strong>, therefore they can redeem LP tokens from the liquidity pools whenever they wish to do so. However, if they redeem them too early, they might face small penalties.</p>\n<p>As mentioned above, LP tokens and the share in the overall liquidity pool are proportionate. This fact is utilized to find out:</p>\n<ul>\n<li>The <strong>transaction fees&rsquo; share</strong> accumulated throughout a liquidity provision per one liquidity provider;</li>\n<li>The <strong>percentage of liquidity</strong> when liquidity providers redeem their LP tokens.</li>\n</ul>\n<p>You can calculate the value of an LP token using this formula:</p>\n<p><em>Total Value of Liquidity Pool/Circulating Supply of LP Tokens = Value of 1 LP Token</em></p>\n<p>In regards to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-defi/">decentralized finance (DeFi)</strong></a> platforms, more and more ways to use LP tokens are popping up.</p>\n<p>For example, LP tokens are also used for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-yield-farming/">farming which is a way to maximize rewards by staking LP tokens. 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Users can modify, employ, and distribute the source code of Linux. However, they can only do that under its license terms.</p>\n<p>Linux is used in a variety of systems thanks to its versatility. This includes web servers, smartphones, supercomputers, routers, musical instruments, and even vehicles.</p>\n<p>In terms of technicalities, <strong>Linux is a kernel. </strong>This means that it's a computer program that serves as the foundation of an operating system. In other words, a computer code is converted into <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-binary-code/">binary data</strong></a> using a kernel to make it comprehensible for the hardware.</p>\n<p>However, <strong>the usage of the Linux kernel is pretty complicated.</strong> Therefore, many developers have created new components and apps to make it easier to use. As a result, Linux is typically distributed in collections of software tools which are referred to as <strong>Linux distros.</strong></p>\n<p>Communities and businesses have collaborated with Linux to develop systems that suit their needs. Therefore, there is a huge variety of Linux distros from all around the world.</p>\n<p>Some of the distros are fully <strong>community-driven</strong> (e.g., Arch Linux), others, however, have <strong>corporate backing</strong> (e.g., openSUSE). Besides, different distros have different goals. They could, for example, be concerned with <strong>customization, privacy, usability, and many other things.</strong></p>\n<p>To summarize, Linux is an efficient, safe, and flexible operating system that has a lot of benefits. Some of the benefits include:</p>\n<ul>\n<li>Customization based on user preferences</li>\n<li>Lightweight infrastructure that offers fast speed</li>\n<li>A huge variety of systems to choose from (based on the needs of the user)</li>\n</ul>","level":"easy","meta_title":"What is Linux? 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Essentially, it is the process that outlines how easily and quickly you can convert a certain cryptocurrency into cash while making sure that the asset&rsquo;s value remains the same.</p>\n<p>This is the type of market that traders prefer. If a market is not liquid, then the process of entering or exiting said market becomes much more difficult.</p>\n<p>Currently, the foreign exchange market, also known as <strong>the forex or FX market</strong>, is the most liquid market. The Bank for International Settlements has recorded that, as of April 2019, the foreign exchange market has made $6.6 trillion in daily transactions.</p>\n<p>When it comes to liquidity and the crypto sector, one of <strong>the most liquid digital assets is considered to be</strong> <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin. Its trading volumes have been growing since 2014 and have reached tens of billions of trades every day. It&rsquo;s predicted that cryptocurrencies will become even more liquid if they become widely accepted all over the globe.</p>\n<p>Moreover, <strong>liquidity is convenient when evaluating the speed and price</strong> <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-slippage/">slippage of exchanges that enable trades between <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat and crypto. Usually, liquidity levels are influenced by the number of users on the exchange platform.</p>\n<p>Liquidity makes charging a discounted or a premium price impossible in a perfectly competitive market, since active cryptocurrency trading allows to avoid price distortions.</p>\n<p>Besides, a liquid cryptocurrency generally continues trading around its market price.&nbsp;</p>\n<p>Another example of a highly liquid market is the <strong>real estate market</strong>. It's considered to be highly liquid due to its lengthy process of buying and selling land or buildings. These processes are generally full of paperwork and have a variety of eligibility requirements, among other things.</p>","level":"easy","meta_title":"What is Liquidity? Definition & Meaning | Crypto Wiki","meta_description":"Liquidity meaning: Liquidity - defines the absence of price impact on the market when buying and selling cryptocurrencies.","meta_keywords":null,"language":"en","created_at":"2022-03-22T15:56:23.000000Z","updated_at":"2022-10-05T05:45:37.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-liquidity"},"currentChapter":"L","currentSection":"what-are-liquidity-provider-tokens-lp-tokens","chapterTitle":"L","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-are-liquidity-provider-tokens-lp-tokens","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter L

What are Liquidity Provider Tokens (LP Tokens)?

Liquidity Provider Tokens (LP Tokens) MEANING:
Liquidity Provider Tokens (LP Tokens) - a type of tokens given as a reward to liquidity providers by a decentralized exchange (DEX) operating on an automated market maker (AMM).
Medium
2 minutes

Let's find out Liquidity Provider Tokens (LP Tokens) meaning, definition in crypto, what are Liquidity Provider Tokens (LP Tokens), and all other detailed facts.

Liquidity Provider Tokens (LP Tokens) track each contribution given to the overall liquidity pool since the amount of owned LP tokens corresponds to the liquidity share in the overall pool. They’re given to liquidity providers on a decentralized exchange (DEX) run on an automated market maker (AMM).

DEXs that issue LP tokens to liquidity providers include Uniswap, PancakeSwap, and Sushi. 

In the most basic terms, LP tokens are very similar to tokens on the same network. For instance, Uniswap and Sushi operate on the Ethereum network. Therefore, LP tokens issued by these DEXs are considered to be ERC-20 tokens. Consequently, they can be transferred, traded, and staked on other protocols just like a regular ERC-20 token.

LP token holders have control over their locked liquidity, therefore they can redeem LP tokens from the liquidity pools whenever they wish to do so. However, if they redeem them too early, they might face small penalties.

As mentioned above, LP tokens and the share in the overall liquidity pool are proportionate. This fact is utilized to find out:

  • The transaction fees’ share accumulated throughout a liquidity provision per one liquidity provider;
  • The percentage of liquidity when liquidity providers redeem their LP tokens.

You can calculate the value of an LP token using this formula:

Total Value of Liquidity Pool/Circulating Supply of LP Tokens = Value of 1 LP Token

In regards to decentralized finance (DeFi) platforms, more and more ways to use LP tokens are popping up.

For example, LP tokens are also used for farming which is a way to maximize rewards by staking LP tokens. Additionally, LP tokens can be used to qualify its holder to participate in an initial DEX offering (IDO). This is due to the fact that you must hold a certain amount of LP tokens that have a specific value in order to be eligible.
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