Pools

Pools Boomswap liquidity pools are a collection of tokens on the Boom blockchain that are locked in a persistent smart contract and used for trading between tokenised assets (“tokens”).

Liquidity pools provide liquidity that enable the exchange of tokens between two parties, peer-to-peer. They replace traditional order books by directly matching buyers and sellers and serve as the backbone of decentralised finance (“DeFi”) platforms.

Anyone can create a pool and once created, the balance of each token is zero. In order for the pool to begin facilitating trades, someone must seed it with an initial deposit of each token. This first liquidity provider is the one who sets the initial price of the pool.
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