# What are LP Tokens?

Liquidity pool **(LP) tokens** are given to liquidity providers as a reward for locking their assets in a pool on decentralized exchanges (DEXs) like Uniswap and Curve. Each LP token represents a share of the liquidity deposited in the pool and is used to withdraw those assets when needed. Some platforms allow liquidity providers to stake their LP tokens, offering additional crypto rewards to encourage them to keep their funds locked in the pool for longer periods.<br>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.blacksail.finance/faq/what-are-lp-tokens.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.