Exploring Opal: A New Omnipool Protocol, Built for Balancer and Aura Finance

Defiant PRO

Opal is currently built on Ethereum Mainnet but is likely to expand to L2s in the future. Opal’s mission is to enhance the “DEX liquidity flywheel” in the Balancer ecosystem. With Aura Finance, liquidity providers (LPs) enjoy boosted Balancer LP yields thanks to protocol-owned veBAL, which allows Aura to earn maximum yields. Aura’s design is very similar to what many LPs have used in Convex Finance.

Exploring Opal: A New Omnipool Protocol, Built for Balancer and Aura Finance

Disclaimer: This is neither a recommendation nor an endorsement to buy or trade any token(s) mentioned.

This week, a new omnipool protocol called Opal was launched, built on top of Aura and Balancer. Similar to Conic Finance built for Curve, Opal provides liquidity pools where users can deposit a single asset, and the omnipool allocates liquidity to a set of whitelisted Balancer pools. This protocol is designed to offer set-and-forget, gas-efficient, diversified, and less time-consuming access to farming opportunities.

“an industry must-read”

The Defiant PRO subscription is packed with degen-friendly features and market insights.

We've produced over 500 tutorials and articles on the most profitable opportunities in Crypto/DeFi, from airdrops to the latest high-yield opportunities; we’ve got the market covered!

Level Up your Degen Game with:

The Defiant PRO weekly Newsletter
Access to over 500 Premium Publications and Tutorials
Telegram Group and Daily Real-time Insights and Opportunities
Exclusive Community Calls with the Authors of The Defiant PRO and friends of The Defiant

Upgrade to PRO

Plus you’ll be supporting independent financial journalism in crypto and helping us keep doing what we’re doing.