Discover - Find Pools

Helps you identify the best liquidity pool opportunities

The Discover feature is Metrix Finance's powerful search and filtering tool designed to help you find the most promising liquidity pool opportunities across multiple exchanges and networks. This analytic-driven tool allows you to efficiently identify potential LP positions based on your specific investment criteria.

How to Use Discover

Step 1: Select Exchanges and Networks

At the top of the Discover page, you'll find the Exchange and Network sections where you can choose from multiple exchanges and Networks.

Metrix Pro Features:

• Select multiple Exchanges and Networks at once.

Step 2: Set Calculation Timeframe

The Calculation Timeframe dropdown allows you to specify the timeframe (in days) that Metrix Finance will use for calculating metrics. This helps you analyze performance over your preferred time horizon.

Metrix Pro Features:

• Ability to adjust the calculation range

Step 3: Analyze Results

The Discover page displays comprehensive data about available pools in a sortable & filterable table format with multiple metrics:

• Pool: The token pair of the liquidity pool & metadata.

• Avg. APR: The average annual percentage return from trading fees and reward tokens, based on the calculation range. You will be able to refine this using the Simulate feature.

• Price Volatility (Pro users): Measure of pool price fluctuation between the paired assets.

• TVL: Stands for total value locked, the total liquidity currently in the pool.

• Correlation (Elite users): Measures the correlation coefficient of the two paired assets.

• Avg. Daily Fees: Average daily fees over calculation timeframe.

• Daily Fees/TVL: Average daily fees relative to TVL.

• Avg. Daily Rewards (optional): Average daily rewards over calculation range.

• Daily Rewards/TVL (optional): Average daily rewards relative to TVL.

• Avg. Daily Volume: Average daily trading volume over calculation range.

• Daily Volume/TVL: Average daily volume relative to TVL.

By clicking the ⭐️ icon next to a pool, you can add it to your favorites. Allowing you to find it quicker next time.

You can sort by or filter any of these columns by clicking the column header, allowing you to quickly identify pools that match your strategy.

Metrix Pro Features:

• Can toggle between "Staked" and "Unstaked" views to see how positions perform with or without staking rewards.

• Filter the pool table directly by the metrics, letting you narrow down pools based on specific criteria such as minimum APR thresholds, maximum volatility limits, or minimum TVL requirements. This advanced filtering capability helps you pinpoint exactly the type of opportunities that match your investment parameters.

• View the price volatility column data.

Metrix Elite Features:

• View the correlation column data.

Step 4: Use Simulate to Refine

Once you've identified promising pools in the Discover section, you can click the Simulate button next to any pool to analyze its potential performance in greater detail before making investment decisions. If you want to know more, go to the Simulate documentation.

For optimal results, we recommend using the Discover feature in conjunction with Metrix Finance's Simulate, and Track tools to create a comprehensive strategy for your DeFi liquidity provision portfolio.