What is the balancer protocol?

The Balancer Protocol is being developed by Balancer Labs, a technology company that develops novel blockchain-based products.

What is a 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 & how does it work?

First, a brief breakdown of Balancer the protocol. Balancer is a decentralized finance protocol based on Ethereum that allows for automatic market-making. More broadly, a traditional market maker/liquidity provider buys and sells financial instruments, providing liquidity to a market and profiting from the spread between the bid and ask prices.

Is balancer a Defi Dapp?

It has been in development since 2018 and the bronze release of Balancer launched in 2020. Since then, it has risen to become one of the top 15 DEX platforms on Ethereum by trading volume and one of the ten largest Ethereum DeFi DApps by locked value.