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What Is a Liquidity Pool? Why It Matters and What Users Should Know

Liquidity pools are one of the core building blocks of DeFi. They allow users to swap tokens, provide liquidity and earn from onchain market activity without relying on centralized intermediaries. This guide explains how liquidity pools work, how they compare with order books and staking, what risks users should understand and how KyberSwap helps users access deeper liquidity through KyberSwap Aggregator and discover pool opportunities through KyberEarn.

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