Top DeFi protocol, Balancer, is launching stable pools to give traders lower fees and improved value. The pools will be available on Balancer v2 and follow the recent launch of Element.fi pools.
To clarify, the Element protocol deployed on to Ethereum following a successful testnet launch. In addition, the protocol will initially undergo a 3-month crvLUSD term. After this, Balancer will add new assets depending on liquidity and demand.
On the other hand, stable pools bear many benefits for both traders and liquidity providers. This is because the pool only includes assets traded at a similar price. As such, the pool vastly increases capital efficiency for like-kind swaps, for example.
Also, traders can enjoy tighter spreads…
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Source: Cryptocurrency - investing.com
