Pools

Pools, also known as Liquidity Pools, are a means for users to provide liquidity to VyFi and receive a token as a reward. Pooling liquidity for trades would imply that both sides of the trade are provided. This would come out to a 50:50 split when providing liquidity.
Users receive Liquidity Providing tokens, known as LP tokens, to track their stake into pool. This also tracks and provides the rewards. The name of these tokens is correlated to the staked pair. For example, a user putting in $VYFI an $ADA would get VyFi-ADA-LP.
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This is an example of what liquidity pools will look like when live
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Last modified 11mo ago

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