Base & MetaPools

Going forward, Curve will be introducing the concepts of base and meta pools.

Metapools allow for one token to seemingly trade with another underlying base pool. This means we could create for example the following pool: [GUSD, [3Pool]].

In this example users could seamlessly trade GUSD between the three coins in the 3Pool (DAI/USDC/USDT). This is helpful in multiple ways:

  • Prevents diluting existing pools

  • Allows Curve to list less liquid assets

  • More volume and more trading fees for the DAO

The Metapool in question would take GUSD and 3Pool LP tokens. This means that liquidity providers of the 3Pool who do not provide liquidity in the GUSD Metapool are shielded from systemic risks from the Metapool.