AMM DeFi protocol Balancer reportedly revealed details regarding the freshly formed collaboration with DAO-based staking platform Lido on August 16th, to roll out a MetaStable Pool incentive project. 

Specifically, MetaStable Pools reportedly function as liquidity pools, particularly built with a primary goal of interacting with highly correlated (but not hard-pegged) tokens, such as wrapped assets.

It will reportedly be possible for Users to carry out swaps between MetaStable pools and assets integrated with other liquidity pools, and simultaneously gaining advantages from reduced swap prices, as well as the absence of the demand for individual swap-specific stable pools. 

They will additionally help stop liquidity from current pools from being diluted, together with amping up the trade amounts to a maximised number. 

The first pool listing, stETH/wstETH, mainly seeks to provide liquidity for stakers across the Ethereum network. 

The pool will reportedly receive the sponsorship from LDO and BAL rewards, at an overall sum of 2500 BAL on a weekly basis, and an extra 25,000 LIDO every week for the first month. 

The first distribution commenced to be carried out on August 24, through the Balancer claim portal.

In July this year, Balancer reportedly rolled out stable pools, which came with tighter spreads and lower slippage, in comparison with the platform’s other pools.

This development has reportedly helped Balancer secure the exclusive spot of an Automated Market Maker (AMM) possessing three different kinds of liquidity pools; weighted, element, and stable.