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AMM (Automated Market Maker) protocol integration is essential for YokaiSwap. As part of the decentralized finance (Defi) ecosystem, the AMM protocol will allow digital assets to be traded in a permissionless and automatic way utilizing liquidity pools. The digital assets will be priced algorithmically and efficiently on the platform by a mathematical formula. Unlike centralized exchanges that rely on the traditional markets of buyers and sellers, the AMM protocol uses smart contracts, which are self-executing computer programs that define price and provide liquidity. In addition, YokaiSwap is the first AMM on Nervos Network. Swapping/Trading YokaiSwap lets users trade without the need to go through a Centralized Exchange. Everything you do on YokaiSwap is routed directly through your own wallet—no need to trust someone else with your coins! Liquidity Pools You can only swap tokens on YokaiSwap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so. Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.
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