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<br> <br>
* protocol designed to generate liquidity for DeFi and future tokenized Dapps coming up in the space. * decentralized market making platform that allows liquidity flow, designed to generate liquidity for defi and future tokenized dapps
* It's a decentralized market making platform that allowe liquidity flows and provides an easy way to liquidity. * $TOKE can be thought of as tokenized liquidity
* It has reactors that host staked assets on each side of the pools. * reactors (2 pools): host staked assets on each side of the pools, one reactor is the pair reactor, the other is the token reactor
* Participants are broken down into 3 components: LP (providing assets), Liquidity directos (direct assets), and pricers (third party pricers for non-AMM venues). * participants: LP (providing assets), liquidity directors (direct assets), and pricers (third party pricers for non-AMM venues)
* Tokemak locks up ETH and USDC which are base tokens that any pool could be built on. Users deposit these base assets for APR paid out in TOKE. * tokemak locks up $ETH and $USDC which are base tokens that any pool could be built on, users deposit these base assets for APR paid out in $TOKE
* TOKE can be thought of as tokenized liquidity. * impermanent loss protection through a mitigation waterfall: the protocol pulls the required asset from its reserve and ensures 1:1 withdrawals for the asset and the asset's t token. in the pair reactors, the protocol pulls the asset from their "treasure" from either fees or swapping.
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