Metastable Pool
Best suited for liquid-staked assets such as stkATOM and interest-bearing tokens.
Last updated
Best suited for liquid-staked assets such as stkATOM and interest-bearing tokens.
Last updated
Metastable pool is suited for assets that follow an exchange rate with a base asset, like liquid-staked assets such as stkATOM and interest-bearing tokens. They fix a problem in Stableswap where it assumes a 1:1 ratio between assets, even when their values change. Metastable pools adjust to these changes, keeping trades accurate and helping those who provide liquidity to do so more effectively.
For an in-depth explanation of Metastable Pools by Dexter, click here.
Step 1: Go to Pools page. https://app.dexter.zone/pools
Step 2: Click "Create New Pool" button.
Step 3: Choose Pool Type - in this case, Metastable Pool is selected as the preferred pool type.
Step 4: Select Token Pair for Metastable Pool.
Step 5: Assign token weight and repeat until all tokens have been added; ensure weights add to 100%
[Optional] Step 6: Add Liquidity by entering a >0 amount of each token to add liquidity to the pool upon creation.
[Optional] Step 7: Set Pool Rewards Schedule by selecting reward token and amount, and rewards time period.
Step 8: Confirm Pool and Fee Summary Details
Step 9: Create Proposal for setting up the Metastable Pool. Title and Description for the proposal are pre defined as per the pool details. Additional information, if necessary, can be included within the additional message text box.
Step 10: Continue to approve the transaction with the connected wallet.
🥳 Congratulations! You have created a Metastable Pool with your preferred tokens, a confirmation message would be displayed in the bottom right.
Proposal is created and upon approval from the Persistence Governance, the pool will be created and accessible on the UI.