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๐Ÿ‘™ Bikinis out for liquidity pools

Published about 1 year agoย โ€ขย 1 min read

GM Surgers!

Summer is starting, so we feel it's a great time to speak about poooools - and other important things happening in the crypto world.

And if you're up for some fun summer camp vibes, make sure to check out the world's first network city below!

This week in cryptoโ€ฆ

Everything you need to know to stay on top in Web3

๐Ÿก Cabin Launches the First Network City

Cabin is a DAO with the gigantic mission of creating the world's first network city - and last week they did it! Their globally-distributed properties offer fast internet, access to nature, and thrilling experiences for remote workers and creators. Read more about their ambitious project here!

๐Ÿ‡ญ๐Ÿ‡ฐ๐Ÿ‡ฆ๐Ÿ‡ช Hong Kong and UAE join forces to craft crypto regulation

Expect a thrilling dance of balanced oversight, investor protection, and innovative opportunities as two of the world's biggest financial centers work together to regulate cryptocurrencies. They discussed ways to make cross-border trade easier and explored how UAE companies can use Hong Kongโ€™s financial infrastructure platforms to access markets in Asia and mainland China. Watch out USA ๐Ÿ‘€

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TLDR: Liquidity Pools ๐Ÿ‘™

In crypto, Liquidity Pools are pools of funds contributed by individuals, acting as market makers. They are the heart of DeFi because peer-to-peer trading isnโ€™t possible without them.

By providing a steady supply of buyers and sellers, liquidity pools ensure that trades can be executed quickly and efficiently, without any middlemen.

By participating in a liquidity pool, you can earn rewards for keeping the crypto market flowing smoothly.

Liquidity providers get tokens (LPTs) when they provide their funds to the pool. Providing liquidity means supplying your funds to a pool in exchange for a reward. The exact reward amount will depend on the size of the pool, the trading activity, and the fees that are charged.

Many people do yield farming here, which is the process of providing liquidity to a pool in order to earn a portion of the fees that are generated from trading activity.

-- If you want to learn more about liquidity pools and how to provide funds for yours, check out this deeper dive here!โ€‹

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Speak soon,

โ€‹Jules ๐Ÿคธ๐Ÿผโ€โ™€๏ธ

Surge Women | Educating crypto users and builders ๐Ÿ”ฅ

We write weekly about Web3, what it is, and why it matters.

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