Advanced Discovery & Simulation for Liquidity Pools

We recently released a couple advanced features for our Metrix Pro users that we are labeling as 'Advanced Discovery & Simulation'. Essentially the goal behind these features is to bring more control to your Metrix Finance experience. Let's hop in.

Selecting Multiple Exchanges & Networks at Once

When on the 'Discover' or 'Pair' page, Metrix Pro users can select multiple exchanges (or all exchanges) and multiple networks (or all networks) at once in order to identify opportunities across various exchanges & networks.

This is especially useful when trying to identify the best opportunity for a specific liquidity pair. For example, users can browse all ETH/USDC liquidity pools by using the Pair feature. A full explanation on how to do this is linked here.

Calculation Range on Discover Page

A small, yet important feature is being able to adjust the calculation range for the Discover page. This is crucial for identifying pools with different investment horizons. For example, Jerry might want have a more active approach when it comes to liquidity mining, therefore he has tighter ranges and has to rebalance his pools more often. Jerry would want to consider using a calculation range lower than 30 days. Compared to Ben who has a more passive approach where he plans to 'set it and forget it'. Ben would want to consider using a calculation range higher than 30 days.

We have provided preset calculation ranges between 1 day and 365 days. Remember, Calculation Range decides how much data is factored into your analysis. A 30-day calculation range will use 30 days of data to estimate potential returns, compared to a 7-day calculation range which will use 7 days of data.

Filtering Results on Discover Page

With our wide decentralized exchange & network selection it can become a hassle to browse through every pool on the list. We have created a way for Metrix Pro users to filter these results, let's break it down.

Pool

• Must Include: Inputing assets in the 'Must Include' section will show liquidity pools that have the desired asset in the pool. It will not show other results & users can input two 'Must Include' assets.
  • Inputting ETH will only show pools that have ETH in them, whereas inputting both ETH and USDC will showcase all ETH/USDC pools.
• Include: Inputing assets in the 'Include' section will show liquidity pools that include that specific asset (or assets). Multiple assets can be inputted and it will showcase all pools with those assets (not exclusively).
  • Inputting ETH will show pools that have ETH in them, whereas inputting both ETH and WBTC will showcase all pools that include ETH as well as all pools that include WBTC. This can include ETH/USDC and WBTC/USDC.

Other Metrics

• Higher Than: This sets the minimum number for a liquidity pool to be shown on the list.
  • For example, setting this number to $1,000,000 for TVL will show pools that have a TVL higher than $1,000,000. This same logic can be applied to all metrics shown on the Discover page.
• Lower Than: This sets the maximum number for a liquidity pool to be shown on the list.
  • For example, setting this number to $5,000,000 for TVL will show pools that have a TVL lower than $5,000,000. This same logic can be applied to all metrics shown on the Discover page.

Settings on Simulation Page

Upon opening a liquidity pool on the simulation page to determine the real returns you could earn, you are now capable of editing the underlying asset prices. This is useful in the scenario that you wish to simulate potential results as asset prices move to specific price points, or in the scenario where you wish to calculate your Deposit Amount or Impermanent Loss across future or past prices.

Please keep in mind that adjusting the underlying asset prices will not affect the Liquidity Distribution, Correlation, TVL History, or Volume History charts. Additionally it can lead to inaccurate simulations so it should be used with caution.

Match Ticks on Simulation Page

Clicking the 'Match Ticks' button will find the nearest tick to the Current Price, Min Price, and Max Price and adjust the input accordingly. As most advanced liquidity providers know, ticks are used to determine the possible prices for a specific liquidity pool. Meaning if you wish to use a bottom price of 2,500, it's closest tick might actually be 2,499.913. You would provide liquidity with your bottom price using the closet tick, not the desired price of 2,500.

Correlation on Simulation Page

Most advanced liquidity providers know that correlated assets lead to lower impermanent loss. We added an indicator to judge the correlation of a pair.

Positive Correlation

• Prices are moving together.
• If both assets rise 10% the correlation is 1.
• If both assets fall 10% the correlation is 1.
• Max of 1.

No Correlation

• There is no correlation between the assets, therefore the correlation is 0.

Negative Correlation.

• Prices are moving opposite of each other.
• If one asset rises 10% and the other falls 10% the correlation is -1.
• Minimum of -1.

That's it!

We hope you enjoy these new Metrix Pro features! If you're not already a Metrix Pro user, consider subscribing here.