Metronome’s First Balancer Pool

Metronome (MET) is now available to trade on Balancer. Additionally, we’ve deployed a permissionless liquidity pool that Metronome holders can contribute to. As of today, users can trade MET and become liquidity providers in the Balancer pool. Additionally, Balancer has whitelisted MET, so liquidity providers can passively earn BAL in addition to revenue generated by trading fees.

Understanding Balancer

This unique “balancing” component introduces the ability to create “permissionless index funds.” The MET pool is set to 80% MET and 20% ETH.

And since MET was whitelisted by Balancer, liquidity providers can earn BAL tokens according to their liquidity provided.

Lastly, this addition represents an additional market for users to trade and watch. More MET markets translate to a healthier Metronome ecosystem, and we encourage you to promote MET and earn fees by providing liquidity to the Balancer pool. If you’re a developer, check out this recent tutorial if you’d like to learn more about setting up your own price feeds to assist trading.

Metronome was among the original DeFi projects and we’re excited that its shared surface area with this exciting category continues to grow. Look forward to more updates throughout the year.