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  • Balancer
  • Balancer
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Balancer Price (BAL)

₹ 441.6970000000 4.82 %

Low : ₹ 392.3500 High : ₹ 420.0700

Market Cap

₹23.4 B

4.5471 %

All Time High : ₹5493.4300

All Time Low : ₹243.2000

Volume

₹730.65 M

Circulating Supply 55995600
Max Supply 96150704

Balancer (BAL) Price Live Chart

Balancer (BAL)

Launched in March 2020 on the Ethereum blockchain, Balancer is an automated market maker (AMM) that secured a $3 million seed round from Placeholder and Accomplice. Functioning as a self-balancing weighted portfolio, price sensor, and liquidity provider, the Balancer protocol enables users to earn profits through its native token ($BAL) by participating in customizable liquidity pools.

The protocol encompasses various types of pools:

  • Private Pools: These pools grant governance control to the owner, who becomes the sole liquidity contributor. Owners have the authority to modify all parameters within the pool.

  • Shared Pools: Designed for individuals seeking to become liquidity providers (LPs), shared pools reward LPs with Balancer Pool Tokens (BPTs), providing a means for users to earn through liquidity contributions.

  • Smart Pools: Similar to private pools, smart pools are governed by a smart contract, offering rewards in BPTs. Notably, smart pools allow any user to contribute liquidity, promoting a more inclusive approach to participation.


Founders

Founded by Fernando Martinelli and Mike McDonald, Balancer Lab originated as a research program within the software firm "BlockScience" in 2018. Evolving from its roots, the Balancer project is nurtured by a group of insightful and like-minded individuals who possess a profound understanding of the DeFi space. The team's collective intelligence and expertise contribute to the development and innovation within the Balancer ecosystem.


What Makes Balancer Unique?

Similar to Uniswap and Curve, Balancer enables the creation of token pools where the weighting adjusts automatically to maintain equal distribution, and uniquely, ETH isn't mandatory. While not the first DeFi protocol utilizing AMMs, Balancer introduces a distinctive approach. Liquidity providers on Balancer can include up to eight assets per market, each weighted by a percentage and automatically rebalanced.

Unlike traditional protocols, Balancer allows users flexibility in depositing assets, avoiding the need for a fixed 50?posit. This flexibility empowers users to decide the proportion of supported assets they wish to deposit. Furthermore, Balancer Lab offers unique opportunities for high returns on assets in low demand through arbitrage and slippage reduction.

Balancer initially lacked a native token but introduced the governance token $BAL in June 2020, following the success of Compound's COMP. The token promotes decentralization and incentivizes liquidity providers. Out of the total 100 million tokens, 25 million were reserved for the team, core developers, investors, and advisors. An additional 5 million each was allocated for the Balancer Ecosystem Fund and the fundraising fund. The remaining tokens, distributed at a rate of 145,000 per week, will take approximately 8.6 years to complete distribution through mining by liquidity providers.


Network Security

Security is of paramount importance for Balancer, as evidenced by the protocol undergoing thorough audits by reputable firms such as Trail of Bits, ConsenSys, and OpenZeppelin—ensuring a robust and resilient system. Notably, Balancer boasts a trustless design with no admin keys or backdoors, and its pools are non-upgradeable, reinforcing the protocol's commitment to decentralization and security.

In line with its dedication to security, Balancer has strict standards for token compatibility. Only tokens adhering to the ERC-20 standard are supported, even if non-standard tokens are utilized in certain pools. This approach safeguards the integrity and compatibility of tokens within the Balancer ecosystem.

It's crucial to note that Balancer does not control the tokens held in its pools; instead, they are governed by smart contracts. While this decentralization minimizes central points of failure, inherent risks associated with smart contracts persist. To address this, Balancer employs configurable rights pools (CRPs) to prohibit tokens with known issues from participating in pools. This proactive measure ensures a secure and reliable interaction between all tokens and the Balancer protocol.


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Balancer news

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