The Liquidity Pool Manager is a tool that allows you to add tokens to LP, as well as removing tokens from LP, or incinerating your LP's tokens.

Removing means withdrawing your base or quote tokens from the pool by redeeming your liquidity pool tokens. Incinerating means permanently burning your liquidity pool tokens without receiving any tokens in return.

A liquidity pool token is a token that represents your share of the liquidity pool. It is created when you add base or quote tokens to the pool.

No, you won't. Once you incinerate your liquidity pool tokens, they will be permanently destroyed and you will not be able to recover your base or quote tokens.