Gyroscope's rETH/wstETH E-CLP on Arbitrum has cemented itself as one of the most efficient routes for rETH swaps.

- Despite modest TVL, receives up to 24% of routing for WETH<>rETH (visualized on @odos)
- Today doing over 50% more volume/TVL than next best pools

E-CLPs give better *liquidity profiles* for trading pairs.

Here's how the liquidity profiles compare for this rETH/wstETH pair.

🏗️🧑‍🔬 @gyroscope. Decentralized finance, applied math, network science. Prev: PhD at Cornell, analytics MBS/ETFs/indices

This is plotting "liquidity density", which = how much of the pool's liquidity is offered at each price (measured in bp deviation from rate-adjusted peg, so after adjusting for accrued yield).

This E-CLP was calibrated to be better than Stableswap with A=500.

Historical trading prices for rETH/wstETH are plotted in the background (composed from rETH/WETH and wstETH/WETH history).

rETH/wstETH (or also rETH/WETH) is a difficult pair for most pools to handle due to rETH's tendency to trade in a wide range above peg.

This E-CLP gets a strictly better liquidity profile at the most important prices compared to competing pools.