mev-toolkit/defi_and_trading/liquidity/tokemak.md

Notes on Tokemak

• 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.