There are four key roles in the system:

  1. Liquidity providers who add liquidity to pools and earn fees and rewards

  2. Swappers who use the liquidity to swap assets ad-hoc, paying fees

  3. Arbitrageurs who monitor pools and rebalance continually, paying fees but with the intent to earn a profit.

  4. Node Operators who provide a bond and are paid to secure the system

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