In this article, we’ll discover how much swap fees asymmetric LPs generate when compared to symmetric ones. This is important when calculating incentive rewards for such pools.

For example, a 80%ETH-20%USDC LP earns less than a 50%ETH-50%USDC LP of the same value. And a 95%ETH-5%USDC LP generates even less. But how much less?

The Weighted Constant Product AMM pioneered by Balancer is arguably the best AMM model there is. It can do everything Uniswap v2 and Curve can do, and so much more, with its asymmetric and multiple token LPs.

So if Balancer’s AMM model is so good, why is it lagging so far behind competitors?