The Multi-Token Pool is a next-generation stable asset pool designed for maximum capital efficiency, yield stacking, and deep liquidity across multiple tokens. It enables users to provide liquidity using any supported stable asset and earn multi-layered yield, all while preserving their underlying value and unlocking additional layer of liquidity.

Our pool achieves up to 30x greater capital efficiency compared to existing solutions and generates yield across several layers: the provided liquidity is used for swaps, and when idle, it’s lent out or used as collateral to unlock additional liquidity. Unlike traditional pools that support just two tokens, our architecture routes through up to 8 tokens in single pool, offering far greater flexibility and efficiency with little to no impermanent loss.

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How It Works?

We’ve built our pool architecture on a custom fork of Balancer v2, specifically optimized for stable assets. This enables support for a basket of stables with minimal slippage, deep liquidity, and high capital efficiency. All tightly integrated with our Liquidity layer.

At its core, the pool uses Curve-style StableSwap math to maintain tight pegs between stable assets like USDC, USDT, and DAI, while leveraging Balancer’s generalized framework to support more than two tokens in a single pool. By combining this with our custom liquidity layer, we’ve enabled the pool to serve multiple roles simultaneously, including swapping, lending, and acting as collateral to unlock borrowing power from Unified Borrowing System.

Idle Liquidity = Active Yield

In traditional pools, unused liquidity just sits idle, generating no value when not facilitating swaps. At Meow Finance, we’ve changed that.

When liquidity in the Multi-Token Pool isn’t being actively used for swaps, it’s automatically lent out to integrated lending protocols like Curvance. This means that even your idle assets are working for you, earning passive yield in the background. When we say efficiency, we mean it.

This integration allows us to:

• Maximize capital efficiency across the entire pool
• Seamlessly shift liquidity between swapping and lending based on demand
• Ensure LPs are always earning, even during periods of low trading activity

Single Liquidity, Multiple Functions

Every token deposited enters a shared liquidity vault, which performs three key functions:

1. Swaps – The pool enables seamless swaps with multiple tokens with our engine that optimizes for minimal slippage and price impact.
2. Lending – Idle assets are deployed to integrated money markets (e.g. Curvance) to earn passive yield.
3. Collateralization – Your liquidity is further used as collateral to unlock additional layer of liquidity via Unified Borrowing System.

All LPs in the Multi-Token Pool benefit from multiple stacked yield layers:

• Swap fees
• Lending interest
• Borrowing Interest
• Liquidation Fee
• External or internal incentives

Benefits for Users

1. Earn Multi-Layered Yield Your liquidity earns yield from up to 5 organic sources—including swap fees, lending interest, and collateral strategies.

2. Not Dependent on Trading Volume Even during low activity, your liquidity continues to generate yield. The pool doesn’t rely solely on trading volume to be productive.

3. Borrowing Power Use your LP position as collateral to borrow and execute strategies like looping, DCA, or other capital-efficient maneuvers—without withdrawing liquidity.

4. Minimal Impermanent Loss Built for like-pegged stable assets, the pool architecture ensures little to no impermanent loss, thanks to internal balancing and stable pricing.

5. High Trading Volume Potential With up to 28 direct swap routes in a single pool (not just 2 like standard AMMs), traders get better pricing and deeper liquidity—driving higher volume.