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# Classic AMM

DeepSwap sources liquidity from users willing to loan out their assets to the protocol for a percentage of the swap fees generated when their assets are traded. These users are aptly named Liquidity Providers (LPs), and they receive $DEP LP (DLP) tokens as a sort of receipt for their provided liquidity, which can be used to accumulate more yield or redeemed for the underlying deposit (plus any fees accrued on top) at any time.

This cycle of liquidity provision allows DeepSwap to house deep liquidity on every chain it is deployed on, ensuring low-slippage trades 24 hours a day, regardless of the chain being traded on.
