{"id":10626,"date":"2024-11-28T09:00:00","date_gmt":"2024-11-28T08:00:00","guid":{"rendered":"https:\/\/www.blog.bim.finance\/?p=10626"},"modified":"2024-11-27T13:06:46","modified_gmt":"2024-11-27T12:06:46","slug":"quest-ce-quune-pool-de-liquidite","status":"publish","type":"post","link":"https:\/\/www.blog.bim.finance\/en\/quest-ce-quune-pool-de-liquidite\/","title":{"rendered":"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"10626\" class=\"elementor elementor-10626\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4dd4b63 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4dd4b63\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5d9bd31\" data-id=\"5d9bd31\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2aeacc2 elementor-widget elementor-widget-heading\" data-id=\"2aeacc2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Qu\u2019est-ce qu\u2019une pool de liquidit\u00e9 ?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-393feb9 elementor-widget elementor-widget-text-editor\" data-id=\"393feb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Une <strong>pool de liquidit\u00e9<\/strong> est un concept central dans l\u2019\u00e9cosyst\u00e8me de la finance d\u00e9centralis\u00e9e (DeFi). Elle d\u00e9signe une r\u00e9serve de <strong>cryptomonnaies<\/strong> ou d\u2019<strong>actifs num\u00e9riques<\/strong> enferm\u00e9s dans un <strong>smart contract<\/strong>. Cette technologie r\u00e9volutionnaire permet de fournir une liquidit\u00e9 essentielle pour les transactions effectu\u00e9es sur des plateformes d\u00e9centralis\u00e9es, telles que les <strong>\u00e9changes d\u00e9centralis\u00e9s (DEX)<\/strong>.<\/p><p>Ces pools constituent la base des <strong>protocole AMM<\/strong> (<em>Automated Market Maker<\/em>), rempla\u00e7ant les carnets d\u2019ordres traditionnels par un m\u00e9canisme d\u00e9centralis\u00e9, fluide et automatis\u00e9.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ffe78d elementor-widget elementor-widget-heading\" data-id=\"4ffe78d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Comment fonctionne une pool de liquidit\u00e9 ?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8300b0 elementor-widget elementor-widget-text-editor\" data-id=\"d8300b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>Les fournisseurs de liquidit\u00e9 (Liquidity Providers, ou LPs)<\/strong><\/h4><p>Les pools de liquidit\u00e9 sont aliment\u00e9es par des utilisateurs, appel\u00e9s <strong>fournisseurs de liquidit\u00e9<\/strong> (<strong>LPs<\/strong>). Ces derniers d\u00e9posent des paires d\u2019actifs num\u00e9riques dans un smart contract. Par exemple, pour une pool <strong>ETH\/USDC<\/strong>, ils d\u00e9posent une quantit\u00e9 \u00e9quivalente des deux tokens, comme 100 $ d\u2019ETH et 100 $ d\u2019USDC.<\/p><p>En retour, les LPs re\u00e7oivent des <strong>tokens LP<\/strong> (Liquidity Provider tokens), repr\u00e9sentant leur part du pool. Ces tokens servent de re\u00e7u et permettent de r\u00e9cup\u00e9rer les actifs ainsi que les <strong>r\u00e9compenses<\/strong> g\u00e9n\u00e9r\u00e9es par les frais de transaction.<\/p><h4><strong>Le m\u00e9canisme de tarification par AMM<\/strong><\/h4><p>Les pools de liquidit\u00e9 fonctionnent gr\u00e2ce \u00e0 un <strong>Automated Market Maker<\/strong> (AMM). Ce protocole d\u00e9termine le prix des actifs selon une formule math\u00e9matique bas\u00e9e sur le <strong>produit constant<\/strong>, souvent not\u00e9e <strong><span class=\"katex\"><span class=\"katex-mathml\">x\u00d7y=k<\/span><\/span>.<\/strong><\/p><ul><li><strong>x<\/strong> : quantit\u00e9 du premier actif dans le pool (ex. : ETH).<\/li><li><strong>y<\/strong> : quantit\u00e9 du second actif dans le pool (ex. : USDC).<\/li><li><strong>k<\/strong> : constante.<\/li><\/ul><p>Si un utilisateur \u00e9change de l\u2019ETH contre de l\u2019USDC, le smart contract ajuste automatiquement les r\u00e9serves pour maintenir <span class=\"katex\"><span class=\"katex-mathml\">kk<\/span><span class=\"katex-html\" aria-hidden=\"true\"><span class=\"base\"><span class=\"mord mathnormal\">k<\/span><\/span><\/span><\/span> constant, modifiant ainsi le prix des actifs. Plus la taille du pool est importante, moins l\u2019impact sur le prix est \u00e9lev\u00e9 (ce que l\u2019on appelle le <strong>slippage<\/strong>).<\/p><h4><strong>La r\u00e9mun\u00e9ration des LPs<\/strong><\/h4><p>Les LPs sont r\u00e9mun\u00e9r\u00e9s via :<\/p><ul><li>Les <strong>frais de transaction<\/strong> pr\u00e9lev\u00e9s sur chaque \u00e9change (g\u00e9n\u00e9ralement entre 0,1 % et 0,3 % par transaction).<\/li><li>Des <strong>incentives<\/strong> suppl\u00e9mentaires, comme des jetons natifs des protocoles (ex. : UNI pour Uniswap, SUSHI pour SushiSwap).<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-efd5ada elementor-widget elementor-widget-heading\" data-id=\"efd5ada\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Et dans un cas pratique comment \u00e7a marche ?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7602103 elementor-widget elementor-widget-text-editor\" data-id=\"7602103\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>1. Uniswap : pionnier des pools de liquidit\u00e9<\/strong><\/h4><p><a href=\"https:\/\/www.blog.bim.finance\/en\/uniswap-uni-lechangeur-decentralisee-sur-ethereum\/\">Uniswap<\/a>, l\u2019un des DEX les plus populaires, a d\u00e9mocratis\u00e9 l\u2019utilisation des pools de liquidit\u00e9. Supposons qu\u2019un utilisateur veuille \u00e9changer 100 USDC contre de l\u2019ETH :<\/p><ol><li>Il connecte son portefeuille au smart contract du pool ETH\/USDC.<\/li><li>Le contrat d\u00e9duit 100 USDC de la r\u00e9serve et envoie la quantit\u00e9 correspondante d\u2019ETH \u00e0 l\u2019utilisateur.<\/li><li>Une fraction des 100 USDC est ajout\u00e9e \u00e0 la r\u00e9serve et partag\u00e9e entre les LPs comme r\u00e9compense.<\/li><\/ol><div>\u00a0<\/div><div>Voici par exemple une pool Uniswap USDC\/USDT sur Polygon, on peux y voir plusieurs informations rassurantes comme :<\/div><ul><li><strong>La liquidit\u00e9 : $682K<\/strong>, on peux facilement ajouter ou retirer des fonds, et utiliser la pool pour faire des \u00e9changes sans risque.<\/li><li><div class=\"chakra-stack custom-16409fq\"><strong><span class=\"chakra-text custom-9wsasl\">Le volume sur 24h : <\/span><\/strong><span class=\"chakra-text custom-i3jkqk\"><strong>$5.2M,<\/strong> un volume tr\u00e8s haut est un indicateur que la pool est tr\u00e8s active, c&rsquo;est un bon indicateur si vous souhaitez d\u00e9poser votre liquidit\u00e9 pour obtenir du rendement.<\/span><\/div><\/li><li><strong>Son anciennet\u00e9<\/strong>, la paire \u00e0 \u00e9t\u00e9 cr\u00e9\u00e9e il y a 1 an et 16 jours.\u00a0<\/li><\/ul><p>\u00a0<\/p><p>Cependant <a href=\"https:\/\/www.blog.bim.finance\/en\/quest-ce-que-dex-screener\/\">DexScreener<\/a> met \u00e0 notre disposition d&rsquo;autres informations qui pourraient inqui\u00e9ter :<\/p><ul><li><strong>\u00ab\u00a0Hidden owners\u00a0\u00bb<\/strong>, on ne sait pas qui \u00e0 cr\u00e9er la pool dans son smart contract.<\/li><li><strong>\u00ab\u00a0Proxy contact\u00a0\u00bb<\/strong>, cette pool peut-\u00eatre modifi\u00e9e par le propri\u00e9taire du contrat.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43cb5ef elementor-widget elementor-widget-image\" data-id=\"43cb5ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/Pool-de-liquidite-USDC-USDT-sur-Uniswap.png?ssl=1\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Pool de liquidit\u00e9 USDC USDT sur Uniswap\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTA2MzIsInVybCI6Imh0dHBzOlwvXC93d3cuYmxvZy5iaW0uZmluYW5jZVwvd3AtY29udGVudFwvdXBsb2Fkc1wvMjAyNFwvMTFcL1Bvb2wtZGUtbGlxdWlkaXRlLVVTREMtVVNEVC1zdXItVW5pc3dhcC5wbmcifQ%3D%3D\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"398\" src=\"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/Pool-de-liquidite-USDC-USDT-sur-Uniswap.png?fit=800%2C398&amp;ssl=1\" class=\"attachment-large size-large wp-image-10632\" alt=\"Pool de liquidit\u00e9 USDC USDT sur Uniswap\" srcset=\"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/Pool-de-liquidite-USDC-USDT-sur-Uniswap.png?w=1645&amp;ssl=1 1645w, https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/Pool-de-liquidite-USDC-USDT-sur-Uniswap.png?resize=300%2C150&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/Pool-de-liquidite-USDC-USDT-sur-Uniswap.png?resize=1024%2C510&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/Pool-de-liquidite-USDC-USDT-sur-Uniswap.png?resize=768%2C383&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/Pool-de-liquidite-USDC-USDT-sur-Uniswap.png?resize=1536%2C766&amp;ssl=1 1536w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Pool de liquidit\u00e9 USDC USDT sur Uniswap - Vue sur Dexscreener<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-426bc7b elementor-widget elementor-widget-text-editor\" data-id=\"426bc7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong style=\"color: inherit; font-family: inherit; font-size: 1.5rem;\">2. Curve Finance : sp\u00e9cialis\u00e9 dans les stablecoins<\/strong><\/h4><p>Curve se concentre sur les <strong>pools de stablecoins<\/strong>, tels que USDT, USDC, ou DAI. Ces pools permettent des \u00e9changes \u00e0 faible volatilit\u00e9 avec un <strong>glissement de prix minimal<\/strong>. Cela en fait un choix privil\u00e9gi\u00e9 pour les traders institutionnels.<\/p><h4><strong>3. Balancer : flexibilit\u00e9 accrue<\/strong><\/h4><p>Contrairement \u00e0 Uniswap, Balancer permet de cr\u00e9er des pools avec des ratios d\u2019actifs non \u00e9quilibr\u00e9s (par exemple, 70 % d\u2019un token et 30 % d\u2019un autre). Cela offre plus de flexibilit\u00e9 mais peut augmenter le risque de perte \u00e9ph\u00e9m\u00e8re (<em>impermanent loss<\/em>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ae4831 elementor-widget elementor-widget-heading\" data-id=\"4ae4831\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Utilisation des pools de liquidit\u00e9 dans la DeFi<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dbdcff8 elementor-widget elementor-widget-text-editor\" data-id=\"dbdcff8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>On retrouve des pools de liquidit\u00e9 dans pleins de situation diff\u00e9rentes sur la blockchain :<\/p><h5><strong>Sur des \u00e9changeurs d\u00e9centralis\u00e9s (DEX)<\/strong><\/h5><p>Les DEX comme Uniswap, SushiSwap ou PancakeSwap d\u00e9pendent des pools de liquidit\u00e9 pour permettre des <strong>swaps instantan\u00e9s<\/strong> entre actifs, sans interm\u00e9diaire.<\/p><h5><strong>Pour des pr\u00eats et emprunts<\/strong><\/h5><p>Des protocoles comme <a href=\"https:\/\/www.blog.bim.finance\/en\/aave-aave-le-protocole-de-pret-et-demprunt-de-cryptomonnaies\/\"><strong>Aave<\/strong> <\/a>ou <strong>Compound<\/strong> utilisent des pools de liquidit\u00e9 pour permettre \u00e0 leurs utilisateurs de pr\u00eater ou d\u2019emprunter des actifs. Les int\u00e9r\u00eats pay\u00e9s par les emprunteurs sont redistribu\u00e9s aux LPs.<\/p><h5><strong>Dans le Yield farming<\/strong><\/h5><p>Dans le cadre du <strong>yield farming<\/strong>, les utilisateurs d\u00e9posent leurs tokens LP dans des <strong>coffres de staking<\/strong> pour gagner des r\u00e9compenses suppl\u00e9mentaires, souvent sous forme de jetons natifs des protocoles.<\/p><h5><strong>Assurance d\u00e9centralis\u00e9e<\/strong><\/h5><p>Des plateformes comme <strong>Nexus Mutual<\/strong> utilisent des pools de liquidit\u00e9 pour couvrir les sinistres (ex. : bugs de smart contracts).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4719642 elementor-widget elementor-widget-text-editor\" data-id=\"4719642\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>Avantages des pools de liquidit\u00e9<\/strong><\/h4><ol><li><strong>Liquidit\u00e9 continue :<\/strong> Les transactions sont possibles 24\/7 sans d\u00e9pendre d\u2019un carnet d\u2019ordres. Cela supprime d\u00e9j\u00e0 le probl\u00e8me de disponibilit\u00e9 notamment que l&rsquo;on peut rencontrer avec des banques ou des bourses de trading qui sont ferm\u00e9es.<\/li><li><strong>R\u00e9duction du slippage :<\/strong> Plus une pool est profonde, plus les transactions sont stables. Une pool avec peu de liquidit\u00e9 signifie que le prix des actifs compris dedans est susceptible de varier \u00e9norm\u00e9ment.<\/li><li><strong>Automatisation :<\/strong> Les smart contracts \u00e9liminent la n\u00e9cessit\u00e9 d\u2019interm\u00e9diaires. Cela permet d&rsquo;\u00e9conomiser des frais de gestion, d&rsquo;interm\u00e9diaire et \u00e9norm\u00e9ment de temps.<\/li><li><strong>Accessibilit\u00e9 :<\/strong> N\u2019importe qui peut devenir LP et g\u00e9n\u00e9rer un revenu passif. Avec les connaissances suffisantes vous pouvez facilement d\u00e9poser votre liquidit\u00e9 sur une pool et gagner des revenus.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-635711c elementor-widget elementor-widget-text-editor\" data-id=\"635711c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>Risques associ\u00e9s aux pools de liquidit\u00e9<\/strong><\/h4><ol><li><strong>Perte \u00e9ph\u00e9m\u00e8re (impermanent loss) :<\/strong> Si les prix des actifs fluctuent fortement, les LPs peuvent subir des pertes par rapport \u00e0 une simple d\u00e9tention des actifs.<\/li><li><strong>Risque de smart contract :<\/strong> Une faille dans le code peut entra\u00eener le vol des fonds. Plusieurs exemples existent ou des hackers ont dupliqu\u00e9 des jetons LP et ont pu retirer la liquidit\u00e9 des pools en les \u00e9changeant contre les actifs qu&rsquo;elle contenait.<\/li><li><strong>Volatilit\u00e9 \u00e9lev\u00e9e :<\/strong> Les tokens dans la pool peuvent perdre rapidement de la valeur si celle-ci est mal \u00e9quilibr\u00e9e.<\/li><li><strong>Risque de rug pull :<\/strong> Certaines pools frauduleuses peuvent \u00eatre cr\u00e9\u00e9es pour escroquer les utilisateurs. Il est important de bien examiner la pool avec laquelle vous allez interagir.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dc52dd elementor-widget elementor-widget-heading\" data-id=\"4dc52dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-832e00e elementor-widget elementor-widget-text-editor\" data-id=\"832e00e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Les <strong>pools de liquidit\u00e9<\/strong> sont la pierre angulaire de la <strong>finance d\u00e9centralis\u00e9e<\/strong>, rendant les transactions instantan\u00e9es, fluides et accessibles \u00e0 tous. Bien qu\u2019ils offrent des opportunit\u00e9s de revenu passif et d\u00e9mocratisent l\u2019acc\u00e8s au march\u00e9, ils comportent aussi des risques inh\u00e9rents \u00e0 la volatilit\u00e9 des cryptomonnaies et aux failles technologiques.<\/p><p>Avant de contribuer \u00e0 une pool, il est essentiel de bien comprendre son fonctionnement, de choisir des protocoles r\u00e9put\u00e9s (comme Uniswap ou Curve) et de diversifier ses investissements pour limiter les risques. Les pools de liquidit\u00e9 incarnent l\u2019avenir des \u00e9changes d\u00e9centralis\u00e9s, tout en red\u00e9finissant la mani\u00e8re dont nous concevons les march\u00e9s financiers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Dans l\u2019univers de la finance d\u00e9centralis\u00e9e (DeFi), les pools de liquidit\u00e9 sont le pilier des transactions rapides et sans interm\u00e9diaire. Ces r\u00e9serves de cryptomonnaies verrouill\u00e9es dans des smart contracts permettent d\u2019\u00e9changer, pr\u00eater ou emprunter des actifs de mani\u00e8re d\u00e9centralis\u00e9e et s\u00e9curis\u00e9e. Mais comment fonctionnent ces pools ? Pourquoi sont-elles essentielles \u00e0 des plateformes comme Uniswap ou Curve ? Quels avantages offrent-elles aux utilisateurs et quels risques comportent-elles ?<\/p>","protected":false},"author":4,"featured_media":10636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,16],"tags":[],"ppma_author":[147],"class_list":["post-10626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-lexique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?<\/title>\n<meta name=\"description\" content=\"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 Comment comprendre comment fonctionne le moteur de la finance d\u00e9centralis\u00e9e en crypto.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.blog.bim.finance\/en\/quest-ce-quune-pool-de-liquidite\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?\" \/>\n<meta property=\"og:description\" content=\"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 Comment comprendre comment fonctionne le moteur de la finance d\u00e9centralis\u00e9e en crypto.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.blog.bim.finance\/en\/quest-ce-quune-pool-de-liquidite\/\" \/>\n<meta property=\"og:site_name\" content=\"BIM Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-28T08:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/article_28_nov-45-1024x511.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"511\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Kylian Bedouet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@kylian_bed\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kylian Bedouet\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/\"},\"author\":{\"name\":\"Kylian Bedouet\",\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/#\\\/schema\\\/person\\\/9ee9a2eb477a379ae97ee6645aaf3031\"},\"headline\":\"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?\",\"datePublished\":\"2024-11-28T08:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/\"},\"wordCount\":419,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.blog.bim.finance\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/article_28_nov-45.webp?fit=2515%2C1255&ssl=1\",\"articleSection\":[\"Blockchain\",\"Lexique\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/\",\"url\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/\",\"name\":\"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.blog.bim.finance\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/article_28_nov-45.webp?fit=2515%2C1255&ssl=1\",\"datePublished\":\"2024-11-28T08:00:00+00:00\",\"description\":\"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 Comment comprendre comment fonctionne le moteur de la finance d\u00e9centralis\u00e9e en crypto.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.blog.bim.finance\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/article_28_nov-45.webp?fit=2515%2C1255&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.blog.bim.finance\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/article_28_nov-45.webp?fit=2515%2C1255&ssl=1\",\"width\":2515,\"height\":1255,\"caption\":\"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ? - BIM Blog\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/quest-ce-quune-pool-de-liquidite\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/www.blog.bim.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blockchain\",\"item\":\"https:\\\/\\\/www.blog.bim.finance\\\/category\\\/blockchain\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Lexique\",\"item\":\"https:\\\/\\\/www.blog.bim.finance\\\/category\\\/blockchain\\\/lexique\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/#website\",\"url\":\"https:\\\/\\\/www.blog.bim.finance\\\/\",\"name\":\"BIM Blog\",\"description\":\"BIM Blog\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.blog.bim.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/#organization\",\"name\":\"BIM Blog\",\"url\":\"https:\\\/\\\/www.blog.bim.finance\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.blog.bim.finance\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/bim_blog_v3.png?fit=2403%2C475&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.blog.bim.finance\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/bim_blog_v3.png?fit=2403%2C475&ssl=1\",\"width\":2403,\"height\":475,\"caption\":\"BIM Blog\"},\"image\":{\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/#\\\/schema\\\/person\\\/9ee9a2eb477a379ae97ee6645aaf3031\",\"name\":\"Kylian Bedouet\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.blog.bim.finance\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/kylian-bedouet_avatar-96x96.jpeg02baf6eea8077556f6925d7ff7883411\",\"url\":\"https:\\\/\\\/www.blog.bim.finance\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/kylian-bedouet_avatar-96x96.jpeg\",\"contentUrl\":\"https:\\\/\\\/www.blog.bim.finance\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/kylian-bedouet_avatar-96x96.jpeg\",\"caption\":\"Kylian Bedouet\"},\"description\":\"CMO BIM Finance | Expert r\u00e9f\u00e9rencement Web Investisseur et passionn\u00e9 Blockchain \\\/ Web 3.0\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/kylian-bedouet\\\/\",\"https:\\\/\\\/x.com\\\/kylian_bed\"],\"url\":\"https:\\\/\\\/www.blog.bim.finance\\\/en\\\/author\\\/kylianbedouet\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?","description":"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 Comment comprendre comment fonctionne le moteur de la finance d\u00e9centralis\u00e9e en crypto.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.blog.bim.finance\/en\/quest-ce-quune-pool-de-liquidite\/","og_locale":"en_GB","og_type":"article","og_title":"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?","og_description":"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 Comment comprendre comment fonctionne le moteur de la finance d\u00e9centralis\u00e9e en crypto.","og_url":"https:\/\/www.blog.bim.finance\/en\/quest-ce-quune-pool-de-liquidite\/","og_site_name":"BIM Blog","article_published_time":"2024-11-28T08:00:00+00:00","og_image":[{"width":1024,"height":511,"url":"https:\/\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/article_28_nov-45-1024x511.webp","type":"image\/webp"}],"author":"Kylian Bedouet","twitter_card":"summary_large_image","twitter_creator":"@kylian_bed","twitter_misc":{"Written by":"Kylian Bedouet","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/#article","isPartOf":{"@id":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/"},"author":{"name":"Kylian Bedouet","@id":"https:\/\/www.blog.bim.finance\/#\/schema\/person\/9ee9a2eb477a379ae97ee6645aaf3031"},"headline":"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?","datePublished":"2024-11-28T08:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/"},"wordCount":419,"commentCount":0,"publisher":{"@id":"https:\/\/www.blog.bim.finance\/#organization"},"image":{"@id":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/article_28_nov-45.webp?fit=2515%2C1255&ssl=1","articleSection":["Blockchain","Lexique"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/","url":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/","name":"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?","isPartOf":{"@id":"https:\/\/www.blog.bim.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/#primaryimage"},"image":{"@id":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/article_28_nov-45.webp?fit=2515%2C1255&ssl=1","datePublished":"2024-11-28T08:00:00+00:00","description":"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 Comment comprendre comment fonctionne le moteur de la finance d\u00e9centralis\u00e9e en crypto.","breadcrumb":{"@id":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/#primaryimage","url":"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/article_28_nov-45.webp?fit=2515%2C1255&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/article_28_nov-45.webp?fit=2515%2C1255&ssl=1","width":2515,"height":1255,"caption":"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ? - BIM Blog"},{"@type":"BreadcrumbList","@id":"https:\/\/www.blog.bim.finance\/quest-ce-quune-pool-de-liquidite\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.blog.bim.finance\/"},{"@type":"ListItem","position":2,"name":"Blockchain","item":"https:\/\/www.blog.bim.finance\/category\/blockchain\/"},{"@type":"ListItem","position":3,"name":"Lexique","item":"https:\/\/www.blog.bim.finance\/category\/blockchain\/lexique\/"},{"@type":"ListItem","position":4,"name":"Qu\u2019est ce qu\u2019une Pool de liquidit\u00e9 ?"}]},{"@type":"WebSite","@id":"https:\/\/www.blog.bim.finance\/#website","url":"https:\/\/www.blog.bim.finance\/","name":"BIM Blog","description":"BIM Blog","publisher":{"@id":"https:\/\/www.blog.bim.finance\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.blog.bim.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.blog.bim.finance\/#organization","name":"BIM Blog","url":"https:\/\/www.blog.bim.finance\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.blog.bim.finance\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2023\/09\/bim_blog_v3.png?fit=2403%2C475&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2023\/09\/bim_blog_v3.png?fit=2403%2C475&ssl=1","width":2403,"height":475,"caption":"BIM Blog"},"image":{"@id":"https:\/\/www.blog.bim.finance\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.blog.bim.finance\/#\/schema\/person\/9ee9a2eb477a379ae97ee6645aaf3031","name":"Kylian Bedouet","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.blog.bim.finance\/wp-content\/uploads\/2023\/10\/kylian-bedouet_avatar-96x96.jpeg02baf6eea8077556f6925d7ff7883411","url":"https:\/\/www.blog.bim.finance\/wp-content\/uploads\/2023\/10\/kylian-bedouet_avatar-96x96.jpeg","contentUrl":"https:\/\/www.blog.bim.finance\/wp-content\/uploads\/2023\/10\/kylian-bedouet_avatar-96x96.jpeg","caption":"Kylian Bedouet"},"description":"CMO BIM Finance | Expert r\u00e9f\u00e9rencement Web Investisseur et passionn\u00e9 Blockchain \/ Web 3.0","sameAs":["https:\/\/www.linkedin.com\/in\/kylian-bedouet\/","https:\/\/x.com\/kylian_bed"],"url":"https:\/\/www.blog.bim.finance\/en\/author\/kylianbedouet\/"}]}},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.blog.bim.finance\/wp-content\/uploads\/2024\/11\/article_28_nov-45.webp?fit=2515%2C1255&ssl=1","jetpack_sharing_enabled":true,"authors":[{"term_id":147,"user_id":4,"is_guest":0,"slug":"kylianbedouet","display_name":"Kylian Bedouet","avatar_url":"https:\/\/www.blog.bim.finance\/wp-content\/uploads\/2023\/10\/kylian-bedouet_avatar-96x96.jpeg","author_category":"","first_name":"Kylian","last_name":"Bedouet","user_url":"","job_title":"","description":"CMO BIM Finance | Expert r\u00e9f\u00e9rencement Web Investisseur et passionn\u00e9 Blockchain \/ Web 3.0"}],"_links":{"self":[{"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/posts\/10626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/comments?post=10626"}],"version-history":[{"count":9,"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/posts\/10626\/revisions"}],"predecessor-version":[{"id":10637,"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/posts\/10626\/revisions\/10637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/media\/10636"}],"wp:attachment":[{"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/media?parent=10626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/categories?post=10626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/tags?post=10626"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.blog.bim.finance\/en\/wp-json\/wp\/v2\/ppma_author?post=10626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}