# Bifrost Stable Swaps Tradeable pairs Methodology

## 1. Overview

Tradeable pairs measures the number of unique token pairs available for trading on Bifrost Stable Swaps. It reflects the number of direct swap routes offered by the protocol, specifically focusing on liquidity pools that facilitate efficient exchanges between stable assets and liquid-staked assets. This metric serves as an indicator of the protocol's trading utility and the variety of supported asset pairs.

## 2. Data sources

- **Blockchain events**: Stable asset pool state data from the `stable_asset` pallet on Bifrost Substrate
- **External data**: Asset metadata and decimal mapping for assets including DOT, vDOT, GLMR, vGLMR, and others

## 3. Step-by-step calculation

### Component A: Stable swap pool identification

- **Purpose**: Identify the distinct liquidity pools active within the stable swap pallet.
- **Logic**: Data is extracted from the Bifrost Substrate stable asset pallet to identify all configured liquidity pools. For each pool, the unique `pool_id` and associated asset indices are parsed. This includes identifying the underlying assets involved in each pool, such as native tokens and their corresponding liquid-staked vToken variants.
- **Key fields**: `pool_id`, `asset_index`

### Component B: Tradeable pair aggregation

- **Purpose**: Calculate the total count of unique trading routes available.
- **Logic**: The total number of unique `pool_id` values is aggregated on a daily basis. Each unique ID represents a distinct tradeable pair or multi-asset pool available to users. The resulting daily counts are finalized by ensuring any days with missing activity are zero-filled to maintain a continuous data series.
- **Key fields**: `pool_id`, `timestamp`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Number of unique token pairs available for trading on the exchange.

Tradeable pairs

Exchanges (DEX)

Collators aggregate parachain transactions block candidates and producing state transition proofs for validators based on those blocks.

Bifrost is the Staking Yield Layer app-chain for stablecoins, RWAs, and DeFi, powered by the Polkadot Relay chain.

BNC holders own and govern the protocol. Bifrost’s investors include OKX Ventures, Long Hash Ventures, etc.

Bifrost Stable Swaps

Archived

Tradeable pairs

Tradeable pairs

Chain breakdown