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Balancer Pools

Overview

Pools are the fundamental building blocks of the Balancer Protocol; they are smart contracts that define how traders can swap between tokens on Balancer. What makes Balancer Pools unique from those of other protocols is their limitless flexibility. While other exchanges have pools with constrained parameters, Balancer can accommodate pools of any composition and underlying math. Balancer's architecture allows for anyone to develop their own pool type, opening the door for customized pricing functions in trading pools.

Oracle Functionality

Some pools (WeightedPool2Tokens and MetaStable Pools) have optional Oracle functionality. This means that they can be used as sources of on-chain price data.

Pools At A Glance

Designed for general cases, including tokens that don't necessarily have price correlation (ex. DAI/WETH).
Ideal for soft-pegged tokens with strong correlation (ex. DAI/USDC/USDT).
Built for non-pegged tokens that maintain correlation but may slowly diverge over time, such as derivatives (ex. stETH/WETH).
Ideal for shifting liquidity of one token into another (ex. AKITA/ETH).
Designed to have extreme flexibility to manage a dynamic fund. Features weight shifting to rebalance, swap pausing, and management fees. (ex. WSBDapp).

Comparison

Pool
Math
Max # Tokens
Uses Oracle
Can Be Oracle
Time-dependent pricing
Weighted
Weighted
8
No
Yes
No
Stable
Stable
5
No
No
No
MetaStable
Stable
2
Yes
Yes
No
Liquidity Bootstrapping
Weighted
4
No
No
Yes
Managed
Weighted
50
No
No
Yes
Last modified 25d ago