How Liquidity Pools Work in DEXes: Complete Guide

If you’ve used a decentralized exchange like Uniswap, Curve, or SushiSwap, you’ve interacted with liquidity pools whether you realized it or not. These pools are the foundation of decentralized finance—they replace the traditional order book model with something different. Understanding how they work isn’t just technical curiosity; it’s essential knowledge for anyone serious about participating…