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 analytics-driven tool allows you to efficiently identify potential LP positions based on your specific investment criteria.
How to Use Discover
Step 1: Select Exchanges
At the top of the Discover page, you'll find the "Select Exchange" section where you can choose from multiple exchanges including:
Uniswap
QuickSwap
PancakeSwap
SushiSwap
Orca
Raydium
Velodrome
Aerodrome
You can select individual exchanges or click "Select All" to view pools across all supported platforms.
Step 2: Choose Networks
Below the exchanges, you'll find the "Select Network" option where you can filter by blockchain networks including:
Ethereum
Arbitrum
Optimism
Polygon
Base
BNB Chain
Avalanche
Celo
Polygon zkEVM
Mantle Pacific
Solana
As with exchanges, you can select individual networks or choose "Select All" to view pools across all supported networks.
Step 3: Set Calculation Range
The "Calculation Range" dropdown allows you to specify the timeframe (in days) that Metrix Finance will use for calculating metrics like APR, average daily volume, volatility, and more. This helps you analyze performance over your preferred time horizon.
Step 4: Staked vs. Unstaked View
For specific exchanges like Aerodrome and Velodrome, you can toggle between "Staked" and "Unstaked" views to see how positions perform with or without staking rewards.
Understanding the Data Table
The Discover page displays comprehensive data about available pools in a sortable table format with multiple metrics:
Pool: The token pair of the liquidity pool & metadata
Fees APR: The average annual percentage return from trading fees
Rewards APR: The average annual percentage return from trading fees (when staking)
Price Volatility: Measure of pool price fluctuation between the paired assets
TVL: Total liquidity currently in the pool
Avg. Daily Fees: Average daily fees over calculation range
Daily Fees/TVL: Average daily fees relative to TVL
Avg. Daily Rewards: Average daily rewards over calculation range
Daily Rewards/TVL: 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
You can sort by any of these columns by clicking the column header, allowing you to quickly identify pools that match your strategy. If you're a Pro user, you can also filter the pool table directly by these 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.
Pro Features
Metrix Pro subscribers gain access to advanced Discover features including:
Select multiple exchanges & networks at once (or all)
Ability to adjust the calculation range
View staked vs. unstaked APR for Aerodrome/Velodrome
View price volatility metric for pools
Advanced filtering by specific price table metrics
Next Steps
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.
For optimal results, we recommend using the Discover feature in conjunction with Metrix Finance's Simulate, Build, and Track tools to create a comprehensive strategy for your DeFi liquidity provision portfolio.