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Pools Types

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Last updated 11 days ago

CtrlK
  • Pool Structure in an AMM Pool:
  • How AMM Pool Work:
  • Strengths:
  • Weaknesses:
  • CLMM: The Efficiency Upgrade
  • Stable Swap: Purpose-Built for Stable Assets

Pool Structure in an AMM Pool:

  • One Pool = One Contract: Each trading pair (like ETH/USDC) has its own smart contract

  • Uniform Liquidity Distribution: Your deposited tokens spread across ALL possible prices (0 to ∞)

  • Simple Pool Mechanics: Uses X × Y = K formula (constant product)

  • Equal Value Deposits: Must deposit equal dollar amounts of both tokens

How AMM Pool Work:

  • Global Pool: All liquidity providers share one big pool per trading pair

  • Automatic Rebalancing: As trades happen, your token ratio changes automatically

  • Fee Distribution: 0.3% trading fee shared proportionally among all LPs

  • Set and Forget: Once deposited, liquidity works across all price ranges

Strengths:

  • ✅ Simple to understand and use

  • ✅ Always active (never goes "out of range")

  • ✅ Predictable behavior

  • ✅ Low maintenance

Weaknesses:

  • ❌ Capital inefficient (most liquidity unused)

  • ❌ Lower fee earnings potential

  • ❌ High gas costs for complex operations

  • ❌ No customization options

Best For: Beginners, passive investors, unpredictable markets

CLMM: The Efficiency Upgrade

Revolutionary Pool Structure:

  • Same Pool, Multiple Positions: Each pool can contain many individual liquidity positions

  • Concentrated Liquidity: Each position covers only a specific price range you choose

  • Tick-Based System: Price ranges defined by discrete "ticks" (0.01% increments)

  • Individual LP Strategies: Each LP can have completely different approaches in the same pool

How CLMM Pools Work:

  • Custom Price Ranges: Choose upper and lower price boundaries for your liquidity

  • Active vs Inactive: Your position only earns fees when price is within your range

  • Multiple Positions: You can create several positions in the same pool with different ranges

  • Fee Tiers: Multiple fee levels (0.05%, 0.3%, 1.0%) with different tick spacing

Position Examples in ETH/USDC Pool:

  • Conservative LP: $1,500 - $3,000 range (wide, stays active longer)

  • Aggressive LP: $1,950 - $2,050 range (narrow, higher returns when active)

  • Multi-Position LP: Several overlapping ranges for diversification

Strengths:

  • ✅ Massive capital efficiency gains - up to 4,000x for stablecoin pairs

  • ✅ Higher fee earnings potential when positions remain active

  • ✅ Strategic control over exactly where liquidity is deployed

  • ✅ Flexible fee structures with multiple tiers (0.05%, 0.3%, 1.0%)

  • ✅ Reduced impermanent loss for well-positioned ranges

  • ✅ Professional-grade tools for sophisticated liquidity strategies

Weaknesses:

  • ❌ High complexity requiring careful price range selection

  • ❌ Active management burden to maintain optimal efficiency

  • ❌ Amplified impermanent loss when using narrow ranges

  • ❌ Higher gas costs for frequent position adjustments

  • ❌ Inactive periods when price moves outside chosen ranges

  • ❌ Learning curve steep for newcomers to DeFi

Best For: Sophisticated LPs, stablecoin pairs, active traders

Stable Swap: Purpose-Built for Stable Assets

StableSwap pools are specialized for assets with tightly correlated prices, such as stablecoins or liquid staking derivatives. By concentrating liquidity around the peg, they achieve extremely low slippage and minimal impermanent loss, making them a go-to for stable asset swaps.

  • Single Pool per Pair: All LPs share the same reserves

  • Custom Pricing Curve optimized for stable assets (Curve-inspired formula)

  • Amplification Factor (A) increases liquidity depth near the peg

  • Low Fee Tiers (commonly 0.01%–0.05%) due to lower volatility

How It Works

Uses a modified constant product formula that flattens the curve around the peg Amplification Factor simulates deeper liquidity, reducing slippage on large trades Ideal for 1:1 swaps between assets that maintain close price parity Trades rebalance the pool while keeping price stability

Strengths

  • ✅ High capital efficiency for stable pairs

  • ✅ Low slippage on large trades

  • ✅ Minimal impermanent loss due to correlated assets

  • ✅ Passive LPing — no need for active price adjustments

  • ✅ Optimized amplification presets for different asset types

Weaknesses

  • ❌ Ineffective for volatile assets

  • ❌ No custom price range control like CLMM

  • ❌ Fee potential lower than high-volume CLMM strategies

  • ❌ Requires correct amplification factor to perform optimally