In DEFI does each token-pair produce its own LP token?
Let us say I am in uniswap does each token pair produce its own LP pair when you provide liquidity or is it just one LP token regardless of the liquidity pool?
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Uniswap is an automated liquidity protocol powered by a constant product formula and implemented in a system of non-upgradeable smart contracts on the Ethereum blockchain. [...] Each Uniswap smart contract, or pair, manages a liquidity pool made up of reserves of two ERC-20 tokens. Anyone can become a liquidity provider (LP) for a pool by depositing an equivalent value of each underlying token in return for pool tokens. These tokens track pro-rata LP shares of the total reserves, and can be redeemed for the underlying assets at any time.
In brief: your LP tokens are "shares" of a particular LP. Therefore each LP (or token pair) produces its own LP token.