What are liquidity pools in DeFi?

Ever heard of liquidity pools? 🌊 In DeFi, they're like the lifeblood of decentralized finance! Essentially, liquidity pools are pools of funds locked into smart contracts, allowing users to trade assets without the need for traditional order books. By providing liquidity to these pools, users can earn fees and rewards. It's like being the banker in the world's coolest casino! 💰