Automated market maker (AMM) platforms like Uniswap, Curve, and Balancer are central to the decentralized finance (DeFi) ecosystem, offering a novel approach to trading. A key function of these AMM platforms is the liquidity provider (LP) token, which allows AMMs to be non-custodial, meaning users retain control of their assets. LP tokens unlock new layers of token trade and access across the DeFi ecosystem, facilitating significant network effects.