# Single Pair Stable LP

Burve offers a classic two-token stable pool AMM with bonus utilities due to its unique construction using [Kodiak](https://kodiak.finance/), and its utility within the Burve ecosystem. For a guide on how to deposit, see the [quickstart](/getting-started/quickstart.md#stable-pool-providing) section.

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## Stable Pool

A stable pool is an AMM that uses a stable curve equation to support the full range of token prices for a pair of pegged assets. The stable curve equation is specially designed to add an emphasis on maintaining the peg price. It effectively concentrates liquidity around the peg price which decreases slippage and generates more yield for liquidity depositors without relying on non-fungible concentrated liquidity positions. Users simply receive a fungible LP token for depositing.

## Kodiak Construction

Unlike other stable pool AMMs, we synthetically recreate the stable curve by using multiple concentrated liquidity positions in another AMM called [Kodiak](https://kodiak.finance/). This has 3 major benefits:

1. We get all the benefits of a classic stable pool. 
2. We can construct more elaborate stable equations to optimize fee opportunities and balance earnings aggression with safety.
3. Burve users earn any additional yields that Kodiak is offering to its users, (BGT, KDK, etc.)
4. We can easily extend to other concentrated liquidity AMMs.

## Burve Utility

Over the course of development, Burve utilities will be added in stages.

* V0: Current Stage
  * Burve deposits earn from our points program.
  * When Bera governance passes, Burve LP tokens can earn BGT from validators.
* V1: Est. June 2025
  * Stable pools can handle moving pegs (for LSTs).
  * Pool concentration can be adjusted by governance
  * More complex liquidity distrubtions will become available.
* V2: Est. Aug 2025
  * LP Tokens can be used as collateral in our money market. 
  * LP Tokens can be lent out for additional yield in our money market.
* V3: ???
  * ???

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## Stable-LP vs Multi-LP?

What's the difference between the USDC-USDT Stable LP and providing only USDC and USDT to the Multi-LP? Both earn swap fees, both earn BGT, and both follow a stable swap equation. Of course the Multi-LP allows you to add more tokens into the mix to earn more but if you're just focused on two tokens then the differences can be hard to spot. Let's summarize in a table.

|                         | Stable LP                          | Multi Token LP        |
| ----------------------- | ---------------------------------- | --------------------- |
| Earn Swap Fees          | Yes                                | Yes                   |
| Stable Swap             | Yes                                | Yes                   |
| Extra Yield             | Kodiak & Other Integration Rewards | Rehypothecation Yield |
| BGT Rate                | Set by Kodiak & BRV Governance     | Set by BRV Governance |
| Burve Points            | Yes                                | Yes                   |
| Complexity              | Low                                | High                  |
| Strategy Aggressiveness | Low                                | High                  |
| Future Use Case         | Hedge Issuance                     | Quadratic Swaps       |

In short, the Single Stable-LP is safer, less aggressive, and in the future will offer different utilities than the Multi-LP. 


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