LokumFinance is an Automated Market Maker (AMM) – a Decentralized Finance (DeFi) application that allows users to swap tokens, provide liquidity through farming, and earn fees in return.
Launched in April 2021, LokumFinance is a decentralized exchange that operates on the Smart Chain to swap BEP20 tokens. LokumFinance uses an automated market maker model where users trade against liquidity pools. These pools are filled by users who deposit funds into the pool and receive liquidity provider (LP) tokens in return. These tokens can be used to withdraw their share of the pool later, along with a portion of the trading fees.
LokumFinance allows users to trade BEP20 tokens, provide liquidity for the exchange and earn fees. Stake LP tokens to earn LKM, stake LKM to earn more LKM. Alternatively, you can stake LKM to earn tokens from other projects.