
You're Probably Leaving Money on the Table as a Liquidity Provider
Most LPs focus on one question: which pool should I deposit into?
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Most LPs focus on one question: which pool should I deposit into?

Most LPs pick a fee tier by vibes, then wonder why a busy-looking position earns almost nothing.

You want to trade Token A for Token C. Simple enough. Except there's no pool that holds both of them.

For most of crypto's short history, decentralized trading had a dirty secret.

You click swap. The preview shows you one number. The trade fills at another. The difference just left your wallet, and nobody asked your permission.

Every time you hit "swap," a smart contract silently reprices a market in real time: no order book, no counterparty, no bid waiting to be matched. Just math. And most people using DeFi daily couldn't tell you what that math is.

Here is the framing you will find in almost every explainer on this topic: AMMs are simple but inefficient, order books are complex but precise. Pick your poison.