Liquidity Pools

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PancakeSwap Pools allow you to provide liquidity by adding your tokens to Liquidity Pools.

When you add your token to a Liquidity Pool you will receive Liquidity Pool (LP) tokens and share in the fees.

LP Tokens

As an example, if you deposited GOAL and BNB into a Liquidity Pool, you would receive GOAL-BNB LP tokens.

The number of LP tokens you receive represents your portion of the GOAL-BNB Liquidity Pool.

You can also redeem your funds at any time by removing your liquidity.

Providing liquidity is not without risk, as you may be exposed to impermanent loss. “Simply put, impermanent loss is the difference between holding tokens in an AMM and holding them in your wallet.” - Nate Hindman

Credits to PancakeSwap Team, the original creators of this article.