Update tokemak.md

This commit is contained in:
dr. mia von steinkirch, phd 2023-02-07 16:51:39 -08:00 committed by GitHub
parent 99732530b3
commit 8f0dc72f19
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23

View File

@ -1,10 +1,21 @@
## Notes on Tokemak
## [tokemak](https://www.tokemak.xyz/)
<br>
### tl; dr
<br>
* protocol designed to generate liquidity for DeFi and future tokenized Dapps coming up in the space.
* It's a decentralized market making platform that allowe liquidity flows and provides an easy way to liquidity.
* It has reactors that host staked assets on each side of the pools.
* Participants are broken down into 3 components: LP (providing assets), Liquidity directos (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.
* TOKE can be thought of as tokenized liquidity.
<br>
---
### resources