Liquidity Pool

An LP is where DEX trading happens. A token is paired with a base asset (ETH, SOL, USDC) and priced by a formula — typically Uniswap V2's x*y=k constant product. Liquidity providers deposit both sides and earn a cut of swap fees.

For memecoin traders, LP depth is a headline stat. A $5k pool eats any real trade in slippage. A $500k pool handles size cleanly. Locked or burned LP means the team can't pull it — that's the single most important rug check after the contract itself.