Yeah, there are basically 5 different types of LPs (realistically 4).
Risk profile from LEAST risk to MOST risky:
a. stable/stable (e.g. USDC/USDT) best for LPs since low volatility, but low fee revenue
b. linked/linked (e.g. renBTC/wBTC) a bit more risky, but they eventually try to match each other
c. Volatile/stable (e.g. ETH/USDC) better for fee revenue but IL increase due to volatility
d. NonStable/NonStable (e.g. ETH/PICKLE) most volatile and can cause sleepless nights if you don’t know what you are doing for how to manage risk (i.e. Degen pools).
e. Uncorrelated pair (e.g. Heads/Tails)
This one is merely just listed for reference as no one would realistically join it since that’s like putting money on both sides of a coin toss and paying a fee (gas) to win. Lose/Lose no matter how many times you flip. You will find this on betting pools where it closes and pays out after the results are known.
The current Pickle ecosystem LPs and Jar strategies are primarily focused on type-C, with only 1 type-D as our primary source of overall pool rewards and liquidity across all others.
Not sure if adding another type-D would add value or merely complicate the reward mechanisms we already have in place and intend to grow further.