6 Stablecoins Index Pool Now Live On Balansol
Balansol's new stable pool is now open! With this 6-stablecoin index pool, you will be shielded from the volatility of the crypto market while also earning a lovely return on your investment. Read on to find out more!
We are thrilled to announce the launch of the new stable pool on Balansol - The Balancer on Solana! The pool includes six stablecoins: USDC, USDT, PAI, USD, USDH, and USH.
Why choose a Stable Index Pool?
Stable pools are a great way to increase capital efficiency for like-kind swaps. These pools are designed specifically for assets that trade at a similar price, so traders and liquidity providers can take advantage of the pool's stability to make better trades.
Investing in a basket of different stables makes you less exposed to any particular coin's volatility. This can help mitigate some of the risks associated with investing in cryptocurrency.
Another benefit of investing in a Stable Index Pool is that it exposes you to a broader range of projects than buying individual coins. By holding LP tokens, you are effectively invested in every project that makes up the pool.
Balansol stable pools, like Balancer, can be plugged into the same protocol as weighted pools. Trades are much more efficient because all tokens are stored in the same vault.
How to deposit in Balansol's Stable Index Pool
It's time for your investment in the 6-stablecoin index pool! This pool is a great way to diversify your portfolio and get exposure to some of the most popular stablecoins on the market. Here's how to get started:
Step 1: Install Balansol
Simply click on the button below to install Balansol to your SenHub dashboard!
Then, search for the pool address below:
Or look for the pool on the pool dashboard.
Step 2: Start depositing!
Click on the "Deposit" button to start your investment in the pool.
Step 3: Add your deposit amount
A window will appear below, where you can enter the number of tokens you want to deposit. The number of LP tokens you will receive is listed at the bottom. When you're finished, press the "Deposit" button.
Once you've completed these steps, you will be automatically enrolled in the pool and will start earning rewards based on the performance of the underlying assets.
After you deposit into the pool, you can track the TVL (Total Value Locked), APY (Annual Percentage Yield), and look for your LP in contribution on the top of the dashboard.
About Sentre Protocol
Sentre Protocol is a DApp Store for All Things Solana where:
- Users can install and use their favorite DApps on a single platform;
- Developers and partners can deliver their DApps through Sen Store, fully use available resources and contribute to the platform with no restriction.
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