Pools guide
Where should liquidity go?
Seven short lessons on reading a liquidity pool before you put money in: where the yield comes from, what impermanent loss costs, and how to tell a durable pool from a spike. They follow the columns of the Pools table, one idea each.
- 01
What a liquidity pool is
How a pool works, who pays the liquidity provider, and what one row of the Pools table stands for.
- 02
Fee APR and reward APR
Why the same headline yield can be durable or fragile, and what the green and amber bar shows.
- 03
Impermanent loss
What happens to your value when the two tokens in a pool move apart, with numbers.
- 04
TVL and depth
What total value locked tells you about slippage and about how fragile a yield is.
- 05
Spot APR against the 30-day mean
Why a yield far above its own recent average is more often a spike than a bargain.
- 06
The Knowla read and the checklist
How the one-word read is chosen, and the four checks on every pool page.
- 07
A five-minute routine for pools
An order for the screens that gets you from a long table to one pool you understand.
Pool figures come from public data providers and are approximations. This is education, not financial advice, and providing liquidity can lose money. For exactly how each number is classified, see the methodology.