PAR & paUSD Elliptic Concentrated Liquidity Pools (E-CLPs) are now live on Balancer on the Ethereum mainnet and Polygon PoS!
These pools are incentivized with $BAL and $AURA rewards, providing excellent opportunities for liquidity providers to maximize their yields. Additionally, liquidity providers can earn Gyroscope SPIN points, further enhancing their rewards. Dive into these innovative pools and start earning today!
Available E-CLPs:
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PAR/EUROe (Polygon PoS)
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PAR/EURe (Polygon PoS)
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paUSD/stataPolUSDCn (Polygon PoS)
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PAR/EURA (Ethereum)
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paUSD/GYD (Ethereum)
Understanding Elliptic Concentrated Liquidity Pools (E-CLPs)
E-CLPs are custom pools developed by Gyroscope on Balancer's pool architecture. These pools enable trading along the curve of an ellipse, making them ideally suited for stablecoins and liquid staking tokens. E-CLPs offer improved capital efficiency and can generate significant trading volume, making them highly attractive for liquidity providers.
Token Overview
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EUROe: A stablecoin backed by Euros and issued by Membrane Finance.
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EURA: An overcollateralized Euro stablecoin from Angle Protocol.
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GYD: An all-weather stablecoin from Gyroscope, backed by a diversified set of assets and designed for risk control.
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stataPolUSDCn: A wrapped, static version of the rebasing Aave lending deposit token for USDC on Polygon PoS.
How to Participate and Earn Rewards
To participate in these new pools, follow these steps:
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Provide Liquidity: Deposit your tokens into the relevant E-CLPs on Balancer. You will receive Balancer Pool Tokens (BPT) representing your share of the pool.
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Stake BPTs: Optimize your yield by staking your BPTs on Aura Finance. Aura Finance offers boosted rewards paid in $BAL and $AURA, significantly increasing your earning potential.
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Earn SPIN Points: By participating in select liquidity pools like paUSD/GYD, you can earn SPIN points, adding another layer of yield on top of your liquidity provision.
Here's a comprehensive guide on how to provide liquidity on Gyroscope and stake on Aura Finance to unlock the best strategies for earning high yields and SPIN points.
Incentives
These pools come with attractive incentives, with liquidity providers earning rewards in $BAL, $AURA, and SPIN points. By participating in these pools, you can enjoy high APRs and benefit from the reduced impermanent loss typically associated with E-CLPs.
Conclusion
The launch of these new E-CLPs on Balancer provides an excellent opportunity for liquidity providers to engage with innovative pools designed for stablecoins and liquid staking tokens. With the additional incentives from $BAL, $AURA rewards, and SPIN points, there has never been a better time to provide liquidity and maximize your yields. Start participating in the PAR/EUROe, PAR/EURe, paUSD/stataPolUSDCn on Polygon PoS, and PAR/EURA, paUSD/GYD on Ethereum today!
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