Users can trade in different cryptocurrencies with liquidity pools instead of using external exchanges. A smart contract is a self-executing software based on the agreements between buyers and sellers. It refers…
![Understanding DeFi Liquidity Pools](https://www.the-cryptoworld.com/wp-content/uploads/2022/08/Blockchain-technologyy-770x455.jpg)
Decentralized finance (DeFi) is a new financial technology based on ledgers distributed similar to those used by cryptocurrencies ensuring its security.