A liquidity provider token (LP token) is a token that is created and awarded to a user that deposits assets into a liquidity pool. LP tokens represent the share of the liquidity pool that the liquidity provider owns and the LP typically receives a percentage of liquidity pool trading fees as a financial incentive. LP tokens can usually be transferred, exchanged, and staked.
HTX, a leading global cryptocurrency exchange, officially announces the launch of the team competition phase for its "HTTC S1: Blades Out" spot trading event..
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