What are Liquidity Provider Tokens?

LP tokens are important to understand because it is how many projects will steal your funds.
Liquidity Provider ("LP") tokens are tokens provided to users who provide add liquidity to trading pools. This in turn gives the token holders the right to claim a portion of the trading pool when they want to cash out.
Locking LP tokens means that those holding the LP tokens will send them to a third-party custodian to hold them. During this period, the rightful owner of the LP token will be unable to redeem their LP tokens. Locking liquidity tokens is crucial to protecting community funds and ensuring the integrity of the project.