What is Smart Pool (Balancer)?

On the Balancer platform, Smart Pools are liquidity pools with adjustable parameters that can be managed via a smart contract. These pools can be made of two-to-eight different token constants, and can be customized with configurable weights in order to represent the desired ratio of each token within a given pool. In addition to customizing token mix and weight, Smart Pool managers can also change swap fees, select/restrict liquidity providers, set max deposit value limits, and start/stop trading tied to their pool. These variable parameters allow for a hitherto unprecedented level of flexibility for liquidity providers on Balancer.