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What is LP in decentralized finance?

Hi there! I'm still getting used to DeFi jargon and would like to know what LP is?

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DeFipedia is a free educational platform designed to provide open-access, comprehensive knowledge about decentralized finance to the world. Our site is reader-supported. Certain experts and app developers pay us when they receive web traffic. We list all apps and experts, not just those that pay us, in order to provide complete and objective information.

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