⌨️ What types of pools are there on TON?

⚫️ In earlier posts, we already explained what liquidity pools are and why they matter. Since then, the ecosystem has added new mechanics: alongside regular pools, you now often see stable pools, CLMM, DLMM, and other models.

⚫️ Let’s start with the basics — CPMM. These are the classic pools most users are familiar with: two assets are deposited into a pool, for example GRAM and USDT, and traders swap one token for the other. The price adjusts automatically: the more a trade changes the token ratio inside the pool, the more the exchange rate moves. Pools like this work well for pairs where the two assets can freely move in price relative to each other.

🖊 By the way, the updated CPMM v2 on DeDust lets liquidity providers withdraw earned fees separately, while giving token creators more flexibility when setting up a pool.

⚫️ Stable pools are used for assets that are expected to trade close to each other in price. For pairs like jUSDT/USDT or GRAM/hGRAM, a regular formula does not work as well: even small slippage can hurt. A stable pool is designed to reduce losses on swaps when the price is close to the expected rate.

⚫️ Another type is concentrated liquidity pools, or CLMM. We wrote about the first DEX on TON using this model here. In this setup, the liquidity provider chooses the price range where their funds will be active. If they choose the range correctly, capital is used more efficiently, and traders get lower slippage.

⚫️ There are also more advanced models. For example, DLMM is a model where liquidity is distributed across narrow price segments, or “bins.” Another pool type, DAMM, adds dynamic fees: when the market is calm, fees are lower, but during sharp moves they can increase.

⚫️ In practice, though, users only need to remember one simple rule: different pairs need different pools. So choose your pools wisely — and do not lose money to unnecessary slippage.

@thedailyton