smart contracts</strong></a>. They are used on <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-exchange-dex/">decentralized exchange platforms (DEXs)</strong></a> to provide liquidity and <strong>mitigate the illiquidity issues</strong> of such platforms.</p>\n<p>Liquidity pool can also describe the intersection of orders that create price levels which, after reaching a certain threshold, can see the asset decide whether to follow the trend upward or downward.</p>\n<p>DEXs that leverage liquidity pools typically also rely on <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-automated-market-maker-amm/">automated market maker systems</strong></a>. 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href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes, allowing them to come to a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-consensus/">consensus. Liveness acts as a reassurance that all network <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-validator/">validators will reach a consensus regarding the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block/">block value.</p>\n<p>Blockchain networks work on verifying the accuracy of the transaction history. The two key elements of determining the degree of correctness and the ordering of transactions are liveness and safety.</p>\n<p>Liveness acts as the <strong>guarantee that the transaction information will continue to flow perpetually and will not be affected by any centralized authorities</strong>. One type of liveness is the termination of distributed computation. This acts as the guarantee that no two validators will reach a mismatched consensus and compute different values.</p>\n<p>Safety is the guarantee that the system is honest and accurate. <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a> relies on the Nakamoto Consensus, which is the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">Proof-of-Work algorithm</strong></strong></a> used to validate transactions.</p>\n<p>The Bitcoin blockchain network also uses the &ldquo;longest chain wins&rdquo; metric to ensure the accuracy of transaction history between the nodes. If the nodes are honest, the history and the expected history match.</p>\n<p>The node acts as the copy of the<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-distributed-ledger/"> distributed ledger</strong></a> and is operated by a participating entity on the blockchain network. Its value should in no way differ when compared to other network nodes.</p>\n<p>If two nodes yield different values, it means that the blockchain has experienced a problem. In order to validate a new block, all nodes must reach a consensus on their data.</p>","level":"easy","meta_title":"What is Liveness? 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The process of liquidation may be forced or voluntary. During forced liquidation, the assets are automatically converted once the trade reaches certain conditions.</p>\n<p><strong>Forced liquidation</strong> happens when a trader&rsquo;s position in margin trading closes automatically after failing to maintain the requirements of leveraged positions. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-leverage/">Leverage <strong>is a crucial part of margin trading</strong> as it is the multiple of the borrowed funds that traders use to boost their market positions. The higher the leverage prices, the lower the liquidation price range.</p>\n<p>If a person wants to margin trade ETH/USDC and has $50, they have to borrow $450 to be granted a 10x leverage. If ETH experiences a 10% dip, the investment will be considered gone and the borrowed funds will be heavily affected by the losses. To avoid such risks, the lender can convert ETH to USDC to liquidate the margin trade.</p>\n<p>Forced liquidation may occur before the trader&rsquo;s actual share has been reduced. Binance and other margin trading platforms allow users to see what the liquidation price is before they enter a leverage position. The factors accounted for in the liquidation price are the position size, account balance, and the leveraged amount.</p>\n<p>Voluntary liquidation occurs when the trader opts to cash out their crypto assets for any reason and is not automated. Liquidation may also occur in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-futures/">futures markets.</p>","level":"easy","meta_title":"What is Liquidation? Definition & Meaning | Crypto Wiki","meta_description":"Liquidation meaning: Liquidation - conversion of assets for fiat or its equivalent stablecoins.","meta_keywords":null,"language":"en","created_at":"2022-03-22T07:32:22.000000Z","updated_at":"2022-10-13T06:00:30.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-liquidation"},"currentChapter":"L","currentSection":"what-is-liquidity-pool","chapterTitle":"L","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-liquidity-pool","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter L

What is Liquidity Pool?

Liquidity Pool MEANING:
Liquidity Pool - a pool of tokens that are locked in smart contracts and facilitate the trading on decentralized exchanges.
Easy
1 minute

Let's find out Liquidity Pool meaning, definition in crypto, what is Liquidity Pool, and all other detailed facts.

Liquidity pool refers to the pool of tokens that are locked in smart contracts. They are used on decentralized exchange platforms (DEXs) to provide liquidity and mitigate the illiquidity issues of such platforms.

Liquidity pool can also describe the intersection of orders that create price levels which, after reaching a certain threshold, can see the asset decide whether to follow the trend upward or downward.

DEXs that leverage liquidity pools typically also rely on automated market maker systems. Such trading platforms use pre-funded on-chain liquidity pools for the assets involved in trading pairs rather than utilizing the usual order books.

By using liquidity pools, exchange platforms do not require the traders to decide on a given trading price for the assets. Instead, the platforms leverage the liquidity pool with the locked-in assets. Trades can occur with limited slippage regardless of the illiquidity levels of the trading pairs as long as the liquidity pool has sufficient funds.

Users providing the funds for liquidity pools can earn a passive income on their deposits via trading fees. The income is calculated based on the percentage of their contribution to the liquidity pool.

Bancor, an Ethereum-based trading platform, was among the first to implement liquidity pools for its trading. This system has since become widely used, particularly thanks to the popularity of the Uniswap exchange platform.
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