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| Balancer 
| #BAL
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| BAL Price: | $0.95 | | Volume: | $5.1 M | | All Time High: | $75.15 | | Market Cap: | $59.4 M |
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| Circulating Supply: | 62,722,001 |
| Exchanges: | 41
| | Total Supply: | 68,149,522 |
| Markets: | 71
| | Max Supply: | — |
| Pairs: | 81
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The price of #BAL today is $0.95 USD.
The lowest BAL price for this period was $0, the highest was $0.948, and the exact current price of one BAL crypto coin is $0.94755.
The all-time high BAL coin price was $75.15.
Use our custom price calculator to see the hypothetical price of BAL with market cap of BTC or other crypto coins. |
The code for Balancer crypto currency is #BAL.
Balancer is 4.8 years old. |
The current market capitalization for Balancer is $59,431,929.
Balancer is ranking downwards to #311 out of all coins, by market cap (and other factors). |
The trading volume is big today for #BAL.
Today's 24-hour trading volume across all exchanges for Balancer is $5,073,092. |
| The circulating supply of BAL is 62,722,001 coins, which is 92% of the total coin supply. |
BAL is well integrated with many pairings with other cryptocurrencies and is listed on at least 41 crypto exchanges.
View #BAL trading pairs and crypto exchanges that currently support #BAL purchase. |
Logic Error Bug Fix Review
High severity bug discovered by white hat hacker through bounty platform Immunefi. — — Summary - On January 22, 2023, white hat hacker 0xriptide reported a high-severity vulnerability and we subsequently made the bug public through this Twitter thread. The bug would allow liquidity providers to submit duplicate claims to drain all of the Merkle Orchard’s assets from the Vault. At the time of the report submission, across Ethereum mainnet, Polygon, and Arbitrum, the Vault held around $3.2m of potentially vulnerable funds. Though the Merkle Orchard contract was not included in the Balancer bug bounty program’s scope, we made the decision to award the white hat a 50 ETH bounty due to the report’s relevance. You can read 0xriptide’s blog post about his responsible disclosure here. — A brief introduction to Merkle Trees - To better understand the vulnerability, we should briefly look into what Merkle trees are. These are data structures that encode and compress a number of different data blocks — nodes which we call “leaves” of the tree — into one single hash word — the Merkle tree “root”.An example Merkle Tree The above image illustrates a Merkle tree structure. Each tree leaf X is hashed to create Hₓ. After that, pairs of hashes are concatenated and hashed once again, so from Hₐ and Hᵦ we get H(Hₐ.Hᵦ) = Hₐᵦ. We will repeat this process of concatenation and has... 
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Balancer LBPs and the Akita Inu Saga
Balancer LBPs: How to sell a token that does not have deep liquidity without negatively impacting its value. In 2021, Vitalik Buterin received a large number of dog tokens. On May 12th, 2021, he sent 49 trillion Akita Inu tokens ($AKITA) he received to Gitcoin’s multisig wallet. Vitalik received numerous tokens in the past from founders of various meme coins, who aimed to promote their projects through him. Previously, he ignored unsolicited airdrops, but in this case, he decided to donate them to charities, one of which was Gitcoin. Gitcoin offers grants to fund open-source projects and public goods. At the time, the tokens were worth around $5M. However, the Gitcoin community faced a difficult problem after receiving the tokens. They had to decide whether to sell despite potentially high slippage or hold the tokens. Gitcoin had to create a strategy that allowed them to benefit from the $AKITA tokens without negatively impacting the token price. Even if the Gitcoin community decided to sell the tokens, there needed to be more market depth to sell without causing the price to plummet. Alex Van de Sande (@avsa), who was working at Balancer at that time, wrote a proposal on the Gitcoin forum to create a promising strategy for both the Akita and the Gitcoin communities. — Enter Balancer LBPs - Balancer Liquidity Bootstrap Pools (LBPs) are pools that allow for dynamic adjustment of token weights over time. LBPs typic...
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Build on Balancer — Ep 1: CowSwap
Build on Balancer — Ep 1: CowSwap - — Episode 1 of the Build On Balancer podcast features CowSwap — the MetaDEX Aggregator — and its relationship with Balancer.. — We are thrilled to share with the community that our first episode of Build On Balancer with CowSwap CEO Anna George is now live. DeFi is abundant with brilliant and talented teams using Balancer Protocol to #buidl cool sh*t. The Build on Balancer podcast series will highlight those teams and how they use the Protocol. You can find the first episode below. Be sure to subscribe to our YouTube channel for new episodes which will be released bi-weekly. medium.com CowSwap is a MetaDEX aggregator. But what does the COW in CowSwap really stand for? COW comes from Coincidence of Wants, a phenomenon where two parties can exchange items directly without the aid of a third-party exchange. Think of people waiting in line at a currency exchange swapping between themselves instead of using the exchange. Users of CowSwap benefit from: Gasless trades, MEV Protection, Best on-chain prices available, No gas fees charged for failed transactions, Users of the Balancer trade interface also benefit from these points, achieved through the Balancer-CowSwap-Protocol (BCP). The BCP uses CoW Solvers that integrate with the Balancer Vault to execute trades in batches. The solvers look for the optimal execution path for a trade to benefit the user. — Top...
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The Benefits of Multi-Token Pools
Balancer Multi-Token Pools offer Liquidity Providers a greater degree of control compared to traditional 50/50 Pools. — Liquidity Pools have revolutionized the world of cryptocurrency trading, allowing investors to earn yields from idle funds and traders to instantly swap one asset for another. As with any new paradigm, however, first-generation Liquidity Pools and Automated Market Makers (AMMs) aren’t perfect. Ask any DeFi users, and they’ll likely admit that they have had to deal with high gas fees, limited trading pairs, or the looming risk of impermanent loss. Luckily, there’s a solution in sight — multi-asset Pools offer Liquidity Providers greater control over their assets while potentially reducing trading costs. Here’s everything you need to know about Balancer Multi-Token Pools and how they benefit both sides of the liquidity equation. — What Are Multi-Token Pools? - A multi-token pool: Balancer Most traditional AMMs like Uniswap v2 create 50/50 liquidity pools. In this scenario, two tokens can be traded against each other and are given equal weightage or importance. If demand for either one of these two tokens rises, the AMM ensures that its price increases correspondingly, too. Liquidity providers that add tokens to these pools earn fees for every trade, making AMMs a highly lucrative source of passive income; however, these 50/50 pools are quite inflexible in reality — most users r...
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veBAL Pt.2 — Bribing and BIP19’s Free Bribes
veBAL Pt.2 — Bribing and BIP19’s Free Bribes - — Part two of our veBAL series dives into bribing, BIP19’s free bribes, and how protocols use voting incentives.. — — A Multilayered Incentive Economy - In part one of this series, “veBAL- How to Increase your Benefits,” we saw how veBAL is a powerful tokenomics method for protocols looking to increase liquidity. We also looked at how gauge voting allows governance control over financial outcomes. For those that need a short recap, projects have two main options to increase their liquidity. One option is to reward liquidity providers with their native tokens. The second option is via veBAL votes, assuming the tokens are in a Balancer Gauge (Pool). To incentivize veBAL votes, any project can add voting incentives / ”bribes” to a Gauge. Through incentives, protocols try to influence the voters to decide in favor of their Liquidity Pool, such that the Pool gets more rewards. This has led to competition for bribes. The more BAL someone locks in, the more power they get over the emission of BAL, along with boosted rewards. Projects are luring BAL holders via attractive returns for staking in their Pools. One protocol that uses voting incentives is Aura Finance. Aura locks up BAL tokens for a full year and issues auraBAL to users in return. AuraBal is a tokenized liquid wrapper of veBAL. It can be staked on Aura to receive a share of Balancer’s re...
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veBAL — How to Increase your Benefits
veBAL — How to Increase your Benefits - — This post is the first of a two-part series where we will discuss Balancer’s adoption of the veModel and gauge system.. — Previous articles explain Balancer’s veTokenomics, so a quick refresh is sufficient. April 2022 — Balancer adopts the veModel (vote escrowed model), The longer a user locks veBAL, the more voting rights they have in the Protocol, Users get rewarded with BPT (Balancer Pool Token) for investing in the BAL/WETH 80/20 Pool, veBAL lockers receive 75% of protocol fees (50% of the swap fees on Balancer), VeBAL holders decide which pools receive BAL liquidity mining incentives, — Onchain Gauge System for Liquidity Mining Distribution - Since transitioning to the veModel, BAL emissions get distributed through the gauge system. Gauges allow LPs (liquidity providers) to stake their BPT to claim BAL from liquidity mining. The amount that each LP receives depends on the following: The allocation of BAL that the Pool receives, The share of the LP in the Pool, The boost applied to LP share based on the amount of veBAL that they hold, There are five gauge types: Liquidity Mining Committee, veBAL, Ethereum Mainnet Pools, Polygon Pools, and Arbitrum Pools. Holders of veBAL direct the amount of BAL received by Pools in each gauge type. VeBAL holders can vote for any combination of gauges, allocating their voting power as they see fit. Voting...
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Balancer Leads the Yield Bearing Token Revolution
Learn how users can earn further yields on staked ETH, benefiting both projects and the Protocol.. — The Ethereum Upgrade or "Merge" is on the horizon, eliminating the need for energy-intensive mining and instead will secure the network using staked ETH. There's a surplus of coverage surrounding one of the most significant upgrades in the history of Ethereum. So a quick refresh is sufficient. Merge TL;DR The Ethereum network will go from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, The current Ethereum Mainnet will merge with the Beacon Chain proof-of-stake system., The Merge will reduce Ethereum's energy consumption by ~99.95%, The upgrade sets the stage for future scaling upgrades, including sharding, — Staking Post Merge - While faster transaction speeds and lower energy consumptions are benefits of the awaited Merge, staking is one of the most anticipated features of the upgraded Ethereum network. Current requirements to stake are pretty steep at 32 ETH. However, there are several projects, such as Rocket Pool and Lido Finance, that are creating solutions for users with fewer ETH to be able to participate. The ETH 2.0 upgrade was targeted to occur in June with community projections of 12% to 15% APYs for staking post Merge. The date has since changed, with metrics pointing to slightly lower staking yields once the Merge takes place. 11.5 million ETH, or 9.5% of Eth...
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How Balancer Saves Users ETH
Through strategic integrations and sidechain expansions, Balancer’s tech helps mitigate ETH transaction fees. — Though declining, Ethereum transaction fees still add up to eye-popping amounts over time. Throughout most of 2021, the average cost of a transaction ranged from $20–40 and peaked at a whopping $196 on May 1, 2022, amid NFT hype. You may not have to spend $100+ for a simple DEX swap today, but it’s possible exorbitant L1 fees could make a comeback. Solving network throughput bottlenecks is a significant priority for Ethereum developers, and solutions such as Layer-2’s, side-chains, and eventually sharding aim to ease users’ frustrations — but these are all still works-in-progress for the network. Balancer aims to mitigate the transaction fee issue for users now. — Partnership with Cow Protocol - In Q4 2021, we announced a partnership to form the Balancer CoW Protocol (BCP) — a new DEX that delivers the best experience possible to traders. This partnership combines Balancer Vault technology with Cow Protocol’s price-finding mechanism, enabling new features such as gasless trading, favorable swap rates, and MEV protection. By implementing Balancer’s tech on the back end and CoW Protocol on the front end, the BCP functions as a “dex-aggregator of dex-aggregators,” collecting orders and executing them as a batch across all available dexes. It also implements a method called “...
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Inside Balancer Contracts — BasePool
Inside Balancer Contracts — BasePoolFull credit for this BasePool deep dive goes to Beethoven X member 0xSkly. Balancer’s strength comes from its ecosystem and those using/ building upon the Balancer technology. Now that we have talked about pool permissions and the new recovery mode, it’s time to actually start talking about the real deal — pools! This is gonna be a rather long article, and I’m sorry for that! But there is just too much good stuff to uncover, and splitting it up much would require too much context switching to get the full picture.A DeFi Building Block Balancer already provides a number of different pools, from Stable pools to Weighted pools and many more. But remember, Balancer tech has to be seen as a DeFi building block. So you won’t be surprised to see that they provide you with all the tools to actually create your own specialized pool. And guess what, that’s what we are gonna do! But not this time; we are not quite there yet. Still gotta get some fundamentals done. And you know me (probably not really), I’m all about fundamentals! So let’s dive into our base building block when it comes to pools, the abstract BasePool contract.Inside the BasePool The BasePool contract provides you with all the key mechanics to build out a pool with the high standards one would expect from a pool coming from Balancer Labs. If you see a pool based on this base contract, you know it’s no joke...
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Inside Balancer Code — TimelockAuthorizer
Inside Balancer Code — TimelockAuthorizerFull credit for this detailed article goes to Beethoven X member 0xSkly. Many thanks for comprehensively showcasing the extent of Balancer’s codebase and technology. Fine grained authorization mechanisms are key when protecting a complex protocol like Balancer. Another key aspect is execution transparency combined with a delay so users can react to changes to the Protocol before they go live. Currently, Balancer achieves this through a classic Timelock contract that handles execution delay combined with the Authorizer contract which handles authorization. They’ve now combined this into one contract with the fitting name TimelockAuthorizer. A main problem I have with Timelock contracts and other proxy contracts is that it obfuscates intent, making it harder for an average user to decode what is executed because of the hashed proxy call. Have you ever tried to follow a timelock transaction executed by a gnosis multisig proxy contract? Good luck. After this rather long intro, let’s do a deep dive into how this new contract works and if it makes execution intent easier to track.How is authentication and authorization applied? Just as a quick recap, authentication is figuring out who you are, and authorization is figuring out if you are allowed to perform this action. At the basis of this lies the Authentication contract. It provides the authenticate modifier. We see the modif...
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