Glossary

LP tokens

Tokens issued to users who provide liquidity to a decentralized exchange pool. They represent a proportional share of the pool's assets and are usually burned to lock the liquidity permanently, preventing the creator from withdrawing it.

Related stories

• On rug.ninja, Algorand meme coins climb a bonding curve, then ship to Tinyman rug.ninja is Algorand’s fair-launch coin platform: every token must be bought, even by its creator, and coins that hit their target deploy to Tinyman with liquidity burned, then trade on Vestige.
• DefiLlama's Algorand page reads $27.4M TVL as one RWA app holds $100M DefiLlama headlines Algorand's core DeFi TVL at $27.4M, yet its own page lists a $100M tokenized real-estate app, a $42.9M lending protocol and $22.5M in liquid staking — a definitional gap, not a bug.
• DorkFi runs 35 Algorand lending markets and a contract-minted stablecoin DorkFi is a non-custodial credit protocol live on Algorand and Voi: 35 lending markets, the WAD stablecoin, UNIT governance, a public Entersoft audit, and open-source AI-agent tooling.