What is balancer exchange?

Balancer Exchange is a decentralized exchange (DEX) that launched in the "DeFi Year" of 2020. In order to use Balancer Exchange you need to have one of the following wallets. The platform is only possible to use if you connect your wallet to the platform. DEXs are becoming increasingly more popular, mostly due to the following factors:

What is balancer (Bal)?

What is Balancer? (BAL) Balancer is a software running on Ethereum that seeks to incentivize a distributed network of computers to operate an exchange where users can buy and sell any cryptocurrency .

What is balancer protocol?

The Balancer Protocol was launched by Mike McDonald and Fernando Martnelli, two active members of the Maker DeFi community. Like most groundbreaking decentralized applications, Balancer runs on the Ethereum blockchain. To understand Balancer, we need to understand how an AMM (Automated Market Maker) works. What’s an AMM?

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?