Liquidity pools, in essence, are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity and are extensively used by some of the decentralized exchanges a.k.a DEXes.
One of the first projects that introduced liquidity pools was Bancor, but they became widely popularised by Uniswap.
Curve realised that the automated market making mechanism behind Uniswap doesn't work very well for assets that should have a very similar price, such as stable coins or different flavours of the same coin, like wETH and sETH. Curve pools, by implementing a slightly different algorithm, are able to offer lower fees and lower slippage when exchanging these tokens.
The other idea for different liquidity pools came from Balancer that realised that we don't have to limit ourselves to having only 2 assets in a pool and in fact Balancer allows for as many as 8 tokens in a single liquidity pool.
Wondering what’s the value of USA citizenship in 2021 and which markets are disastrous nowadays? Find the answers in this video as Andrew interviews Jim Rogers, an ”Adventure capitalist,” American investor, financial commentator, and author of best-selling books. Watch as they discuss Jim's journey from Alabama to Singapore, the future of the USA, and why he regrets not buying Bitcoin.
00:00 Start 00:58 ‘’Adventure Capitalist’’ 02:20 The World In 2021 04:09 Was adventure the main thing you? 08:20 African Capital Markets 2021 09:24 The future of Africa 11:37 About US citizenship 13:04 Turkey and the European Union 14:35 Venezuela 15:17 About Trump 17:31 Culture in the USA 19:10 Where wealthy people should move? 20:08 Wealth tax 20:57 Life in Singapore 23:19 Second citizenship 24:51 Where should you live and invest? 26:00 Move abroad with kids 28:43 How become successful 29:58 About Bitcoin 32:18 Worldwide Bureaucracy 34:08 The economy of America
35: 05 Russian and Japanese stock market 37:49 ‘’ Farmers will drive Lamborghinis.’’ 38:51 a Lack of competition 40:03 Who should live in London and New York?
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