What is balancer (balancer)?

Balancer is an automated market maker ( AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider.

What is balancer token?

Like many modern DeFi applications, Balancer features its own native utility token, known as the Balancer token (BAL). This is used for participating in the governance of the Balancer Protocol and can be earned by providing liquidity or trading on the platform. How Does Balancer Work?

What is balancer protocol?

Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

Is balancer decentralized?

Remember, Balancer is decentralized, allowing for anyone to create a pool for any crypto asset, with any parameters. Ethereum users created pools for transfer fee/deflationary tokens, which burn a portion of the coins sent in transactions. The problem is that Balancer Labs warned against this, placing deflationary tokens in pools.