Binance Liquid Swap, the centralized trading platform designed to compete in the decentralized finance (DeFi) sector, announced that it will remove several liquidity pools, including those featuring Cardano (ADA) and Pepe
In AMM exchanges, liquidity providers deposit digital assets into pools, allowing for more stable pricing and lower fees for large transactions. These pools consist of two tokens, and the price between them is determined by their relative amounts within the pool.
The removal might raise eyebrows, but it's crucial to note that the affected tokens can still be traded on Binance's main spot market. The decision to remove certain pools is in line with standard industry practices where platforms periodically reassess and optimize their offerings. As of now, users are prohibited from adding new liquidity to the impacted pools, though they have until Sept. 1 to redeem their assets manually, should they choose to do so.
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