Balancer’s new MetaStable Pools seek to facilitate wrapped asset swaps


AMM DeFi protocol balance announced On Monday, it partnered with DAO-based platform Lido to introduce a stimulating MetaStable Pool program.

MetaStable Pools are liquidity pools specifically designed to work with highly correlated (but not hard-bound) tokens, such as wrapped assets. Users will be able to create exchanges between MetaStable groups and assets integrated with other liquidity groups, while benefiting from cheaper exchange prices and eliminating the need for individual exchange-specific stable groups. They will also prevent the dilution of liquidity by existing groups and increase maximum trade amounts, according to the edition.

The first listing of pools, stETH / wstETH, aims to offer liquidity for players on the Ethereum network. The common fund will be subsidized by LDO and BAL rewards with an allocation of 2500 BAL per week and an additional 25,000 LID per week during the first month. The first broadcast will take place on August 24 via the advertising portal Balancer.

Back in July, Balancer introduced stable pools with tighter spreads and less high glide than the platform’s other pools. This update made Balancer the only Automatic Market Maker, or AMM, with 3 different types of liquid groups; weight balanced, element and stable.

Earlier this month, the CEO of Unstoppable Domains predicted that the stability market will reach $ 1T by 2025 – or maybe even earlier. He stressed, however, that the proliferation of stable currencies could raise concerns about volatility and lead to further questions about the regulatory uncertainty of linked assets.