What does Tokemak do?
Tokemak (CRYPTO:TOKE) is a decentralized liquidity exchange that uses a unique mechanism to provide deep and sustainable liquidity for DeFi applications. Liquidity Directors (LDs) are incentivized to manage liquidity pools by earning TOKE tokens. TOKE holders can also participate in governance and earn rewards by staking their tokens.
The Tokemak team is working on a number of projects to expand the protocol and make it more user-friendly, including a new version with improved features and performance, a software development kit, and a user interface.
The objectives of the Tokemak project are to provide deep and sustainable liquidity for DeFi applications, make liquidity more efficient and accessible to users, and reduce the risk of liquidity shortages in DeFi.