Kinetic

KINETIC

Binance Smart Chain:

0xA7854Ed1231552a9bAd96f06f83F5Fd21563cF4a

  • Arken Finance

  • Embed

Price

5.08%

$0.005348227436

Market Cap

$162.8802666

Launch Date

October 1, 2021

Like most of the yield farming on DeFi is done via liquidity pools. A liquidity pool is a smart contract that holds on to and locks the cryptocurrencies/tokens of investors. Liquidity providers contribute to the liquidity of a trading pair pool, such as KINETIC-BNB, by depositing their crypto (in this case KINETIC and BNB) in the pool, receiving LP (Liquidity Pool) KINETIC tokens in return. The assets in a liquidity pool create a market where the assets can be exchanged by traders. If there were no liquidity pool, it would not be possible for a trader to swap tokens, as there would be no “other side” of the trade. When an investor swaps tokens (e.g. KINETIC for BNB), he needs to pay a trading fee. This fee is paid to the liquidity providers in proportion to the amount of liquidity (KINETIC and BNB) they have added to the pool. An investor who “owns” a big part of the liquidity pool will receive more trading fees compared to an investor that provided little liquidity to the pool. The fe

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