Automated portfolio manager and liquidity provider Balancer Labs announced the official launch of Boosted Pools in collaboration with the leading DeFi lending protocol, Aave.
Boosted Pools to Increase LP Yields
In a press release shared with CryptoPotato, Balancer noted that the new product is geared toward solving the issue of decreased capital efficiency with yields on tokens deposited into Automated Market Maker (AMM) pools.
According to Balancer, traders typically utilize only 10% of the liquidity available on AMM pools since trade sizes are smaller than the available liquidity.
However, with Boosted Pools, the remaining liquidity, often left idle, will be deposited into lending protocols, allowing the liquidity to earn additional yield.
Speaking on the development, Fernando Martinelli, the co-founder, and CEO of Balancer Labs said,
“The collaboration with Aave as the first iteration of the Boosted Pools launch is a natural fit and solidifies their place in the Balancer ecosystem
We współpracy z: https://cryptopotato.com/balancer-and-aave-join-forces-to-launch-boosted-pools/
