BNB ChainCronos ChainEthereum ChainGrimace CoinUTILITY

GrimaceCoin Multi-Chain LP Locker

What Are Liquidity Pools?

Liquidity pools enable users to buy and sell crypto on decentralized exchanges and other DeFi platforms without the need for centralized market makers.

A liquidity pool is a crowdsourced pool of cryptocurrencies or tokens locked in a smart contract that is used to facilitate trades between the assets on a decentralized exchange (DEX). Instead of traditional markets of buyers and sellers, much-decentralized finance (DeFi) allows digital assets to be traded in an automatic and permissionless manner through the use of liquidity pools.

What is Liquidity Locker?

Developers that are listing their tokens on Decentralized Exchanges are granted the to move LP tokens when they initiate a pool. These LP tokens, once in their possession, can be transferred like any other tokens on the blockchain they have been minted on (theoretically, LP tokens could also transit on other blockchains using bridges, but this is not something done very often).

A liquidity locker allows the developer to store these LP tokens in a smart contract, revoking his permission to move these LP from a start date to an end date.


GrimaceCoin has announced in-house developed LP Locker FundsSAFU. You can reach it at LP Locker works on BSC, ETH and CRO chains. Any developer simply may enter the platform and lock their tokens.

What's your reaction?

In Love
Not Sure

Leave a reply

Your email address will not be published. Required fields are marked *

Next Article:

0 %