More details on @metricxyz from docs: What is it: A DEX for active pools, with custom pricing and liquidity that proactively change with new information. Imagine Uniswap LPs, with some curation, priced according to a ref price outside the AMM pool. How it works and differs from passive AMM LPs: Active pools split pricing and liquidity into two parts. The Price Provider sets prices: a bid, an ask and a reference price, from oracles, onchain data or custom rules. The pool holds the liquidity in percentage ranges around the provider's quote and executes trades. Unlike most AMMs, the pool isn't its own price oracle: trades move price only relative to the reference. When the reference moves, the ranges move with it. Role of curators: Curators choose the Price Provider and the pool's settings. LPs choose which ranges to fund. How to provide/manage liquidity: Your liquidity sits in bins: price ranges relative to the pool's reference price. When the reference moves, your ranges move with it, so there is no range to manage and no rebalancing script. LPs earn a share of the spread traders pay when trades use bins' liquidity, after the curator's and Metric's fees. Earnings compound into the LP position, with nothing to claim. Unused liquidity earns nothing, even if other bins in the same pool are active. (see example below)