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Last Updated: June 7, 2022

Range-bound liquidity pools

What is the difference between standard liquidity pools and range-bound liquidity pools?

The Bullish exchange currently offers two types of liquidity pools for trading asset pairs on its platform: standard liquidity pools and range-bound liquidity pools. Standard liquidity pools provide liquidity across all price points, from zero to infinity, on a price curve. Range-bound liquidity pools provide liquidity within a specified price range. By setting price boundaries within a liquidity pool, range-bound liquidity pools enhance capital efficiency for participants by concentrating liquidity—increasing the depth of liquidity within the specified price range.

Trading

Range-bound liquidity pools provide deeper liquidity within the specified price range, closer to the mid-price.

Note that automated market making is available for our standard liquidity pools and within the upper and lower price boundaries of our range-bound liquidity pools only. When trading outside the price boundaries of range-bound liquidity pools, liquidity is no longer provided by the pool, and may no longer be predictable.

Margin trading

Margin trading is not available in range-bound liquidity pools due to the higher risk of liquidation. Margin trading is still available in standard liquidity pools.

Earning

In range-bound pools, earning is currently only available to institutional customers.

Trading and earning availability:

PairsStandard liquidity poolRange-bound liquidity poolMargin trading
BTC/USD
ETH/USD
ETH/BTC
EOS/USD
LINK/BTC
LINK/USD
LTC/BTC
LTC/USD
USDC/USD

Withdrawal period

The minimum withdrawal period is one hour for range-bound liquidity pools. The seven day removal period still applies to standard liquidity pools. All liquidity pool withdrawals are transferred to a client spot account.

Liquidity provider risks

Learn more about potential risks for liquidity providers.