LokumFinance is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
It launched in April 2021 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. LokumFinance uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees.
LokumFinance allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn LKM, stake LKM to earn more LKM and stake LKM to earn tokens of other projects.
