But you shouldn’t think of your LP position as “those same 2 tokens sitting there.”
This is one of the easiest parts of DeFi to misunderstand.
When you provide liquidity to a STON.fi pool, your position represents a share of the pool.
And that pool keeps changing.
Traders swap.
Token balances change.
Fees accumulate.
The value and composition of your position can change.
Think about your LP position in 3 layers:
SHARE
Your percentage of the pool.
INVENTORY
The assets currently represented by your share.
VALUE
What that position is worth right now.
Share ≠ Inventory ≠ Value
That distinction matters.
When you withdraw liquidity, you aren't necessarily getting back the exact token amounts you deposited.
You're receiving the assets represented by your current share of the pool.
So LPing isn't simply:
“I deposit these tokens and get the same tokens back.”
It's:
“I own a share of a pool that changes as people trade.”
That changing pool is also why LPs need to understand fees, price movements, and impermanent loss before judging their returns.
So don't only ask:
“What am I depositing?”
Ask:
“What does my share represent as the pool changes?”
Once you understand that, LP tokens stop looking like a receipt.
They start looking like what they really are: a representation of your share in a changing pool.
What part of LPing was most confusing when you first started?