Decentralized Cross-Chain Exchange & Farming Platform MacaronSwap uses an automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn�t an order book where you�re matched with someone else. Instead, you trade against a liquidity pool. Those pools are filled with other users� funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.