What is balancer and how does it work?

What is Balancer? Originally launched on Ethereum, Balancer is a DeFi protocol for creating custom liquidity pools. Balancer offers liquidity providers more flexibility when compared to other DEXs like Uniswap or Curve Finance because Balancer liquidity pools can be comprised of a greater number of assets and at custom proportions.

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 if balancer didn't work?

If Balancer worked in a way they didn’t like, they were out of luck. Enter the Balancer token, which trades in the crypto market under the ticker “BAL.” BAL, we will talk about later. First, a brief breakdown of Balancer the protocol. Balancer is a decentralized finance protocol based on Ethereum that allows for automatic market-making.

Who are the founders of balancer?

The two founders, Fernando Martinelli and Mike McDonald, have a long-storied history of building and developing successful companies, and work alongside an accomplished team with extensive experience in the blockchain space. Like many modern DeFi applications, Balancer features its own native utility token, known as the Balancer token (BAL).