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BAL

Balancer  

#BAL

BAL Price:
$3.57
Volume:
$6.6 M
All Time High:
$75.15
Market Cap:
$0.2 B


Circulating Supply:
57,184,856
Exchanges:
54
Total Supply:
63,154,390
Markets:
85
Max Supply:
Pairs:
63



  BAL PRICE


The price of #BAL today is $3.57 USD.

The lowest BAL price for this period was $0, the highest was $3.57, and the current live price for one BAL coin is $3.57020.

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 ETH or other crypto coins.


  BAL OVERVIEW


The code for Balancer is #BAL.

Balancer is 3.9 years old.


  BAL MARKET CAP


The current market capitalization for Balancer is $204,161,150.

Balancer is ranked #237 out of all coins, by market cap (and other factors).


  BAL VOLUME


There is a big daily trading volume on #BAL.

Today's 24-hour trading volume across all exchanges for Balancer is $6,588,425.


  BAL SUPPLY


The circulating supply of BAL is 57,184,856 coins, which is 91% of the total coin supply.


  BAL BLOCKCHAIN


BAL is a token on the Ethereum blockchain, and has digital contracts with 11 other blockchains.

See list of the BAL Blockchain contracts with 12 different blockchains.


  BAL EXCHANGES


BAL is well integrated with many pairings with other cryptocurrencies and is listed on at least 54 crypto exchanges.

View #BAL trading pairs and crypto exchanges that currently support #BAL purchase.


  BAL RESOURCES


Websitebalancer.fi
Whitepaperbalancer.fi/whitepaper.pdf
TwitterBalancerLabs
Redditr/Balancerprotocol
DiscordARJWaeF
Mediumbalancer-protocol


  BAL DEVELOPER NEWS



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...




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...




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...




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...




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...




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...




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...




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 “...




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...




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...




  BAL NEWS


Galxe Website Compromised, Balancer Hackers Likely Responsible

    Galxe, a Web3 credential project, instructed users not to interact with the platform following a security breach on its website. Meanwhile, on-chain sleuth ZachXBT says the hackers are likely the same as the rogue actors that recently attacked Balancer's front end. Galxe reported the security incident via its official X handle on October 6, asking users not to visit the compromised site until the issue was resolved. Update: We’ve detected a security breach affecting the DNS record for “https://t.co/yxdPH0SijN” through our Dynadot account. Please refrain from visiting the site from all channels while we are resolving the issue. Your safety remains our utmost priority. — Galxe (@Galxe) October 6, 2023 The project previously informed users that its website was down and advised against not connecting their wallets, or if connected, to immediately disconnect and also refrain from signing any transaction. While the platform does not yet state the level of financial damage, Galxe's warning might be a little late, as several users already reported stolen funds. According to on-chain sleuth ZachXBT, the hacker has started moving funds to an address while also stating that they might be the same ones who attacked Balancer's front end. Attention Community! At the moment, the Galxe website is down and we're working on repairing the issue. Please do not connect your wallet to Galxe for the timebeing. The issue will be resolved shortly, thank you for your pa... read More



Balancer Says Frontend Hack Resulted From a Social Engineering Attack

    Balancer, an Ethereum-based decentralized protocol, said that the platform regained control of its domain and is secure shortly after hackers attacked its frontend. According to Balancer, a social engineering attack was responsible for the latest incident. Balancer recently suffered a Domain Name System (DNS) attack, with the firm warning users to stay away from the interface until further notice to avoid falling victim to the hackers looking to drain their wallets while investigations were ongoing. Although Balancer did not officially report any amount stolen, on-chain sleuth ZachXBT said that the hackers stole nearly $240,000, with the funds sent to an Ethereum address. Balancer further warned users not to interact with balancer.fi or app.balancer.fi until otherwise instructed. Following the completion of its investigation, Balancer said the incident was a result of a social engineering attack on EuroDNS, the domain name registrar for .fi Top-level domains (TLDs). Regarding the recent DNS attack, we can confirm that the domain is now secure and back under the control of the Balancer DAO.https://t.co/kNWcQADaqa and other https://t.co/RQO6oJXEpJ subdomains are SAFE to use. [1/2] — Balancer (@Balancer) September 20, 2023 While the firm assured users that it regained control of its main domains and subdomains, it said the protocol was looking at migrating to a more secure registrar. 'We are exploring deprecating the .fi TLD in order to move to a more secure registr... read More



Ethereum-Based Balancer Under Attack, Users Receive Warning

    Across their social media channels, Ethereum-based decentralized exchange (DEX) Balancer reported an attack against its front end. The platform confirmed that a Domain Name System (DNS) attack targeted the DEX, preventing users from accessing the DEX. Ethereum DeFi Under Siege According to an official post, a team is investigating the DNS attack against Balancer. In the meantime, users were asked to avoid interacting with the DEX’s front end to prevent them from falling victim to the bad actors. In a DNS attack, bad actors can employ different strategies to compromise the security of a website and drain the users’ crypto wallets. Until the investigation is concluded, the team behind Balancer cannot guarantee that the attackers won’t target users. The team behind the DEX added the following, confirming the protocol’s Decentralized Autonomous Organization (DAO) involvement in resolving the current situation: The Balancer DAO is actively addressing the current DNS attack and is working with all relevant parties to ensure the full recovery of the Balancer UI. In the meantime, please DO NOT interact with http://balancer.fi or http://app.balancer.fi until further notice. Independent crypto investigator ZachXBT reported that over $238,000 had been stolen from the DEX. The investigator confirmed that the funds were sent to this Ethereum address: 0x645710Af050E26bB96e295bdfB75B4a878088d7E. Further data from Etherscan confirms that the bad actors have begun mov... read More



Balancer Reportedly Loses Over $240K Following Frontend Attack

    Ethereum-based decentralized automated marker maker (AMM) Balancer has warned users not to interact with the platform's user interface following an attack on the protocol's frontend. Balancer recently suffered a hack resulting in the loss of almost $1 million. Tweeting about the incident, Balancer said that the team is investigating the attack and warned users to stay away from the protocol until further notice. The balancer frontend is under an attack. The issue is currently under investigation. Please do NOT interact with the balancer UI until further notice! — Balancer (@Balancer) September 19, 2023 While the firm is yet to give more details about the attack and state if funds were affected, on-chain sleuth ZachXBT said that the attacker had already stolen more than $238,000 shortly after Balacer's warning. Stolen funds are being directed to this address 0x645710Af050E26bB96e295bdfB75B4a878088d7E ~$238k stolen so far pic.twitter.com/rwMybBaLoA — ZachXBT (@zachxbt) September 20, 2023 The incident follows a recent exploit that drained over $970 from the platform. A few days before the attack, Balancer said that it received a 'critical vulnerability report' affecting some of the protocol's V2 pools. The post Balancer Reportedly Loses Over $240K Following Frontend Attack appeared first on CryptoPotato. read More



Balancer Falls Victim To Hack After Warning Of Critical Vulnerability: F...

    In a disheartening turn of events, the decentralized finance (DeFi) protocol Balancer (BAL) confirmed a hack just days after warning about a critical vulnerability impacting multiple Pools. The attack, which took place on August 27, resulted in a loss of nearly $1 million for Balancer. Previously, on August 22, NewsBTC reported that Balancer had discovered a critical vulnerability affecting its protocol. However, despite efforts to mitigate the risks and caution users, Balancer could not pause the affected pools. In response, the protocol urged users to withdraw from the impacted liquidity pools to prevent further exploits. Balancer Exploit Unveiled On Sunday, Balancer took to X (formerly known as Twitter) to acknowledge the existence of an exploit related to the previously disclosed vulnerability. While mitigation measures were implemented to reduce risks, they were insufficient to halt the affected pools.  Consequently, users were advised to withdraw their funds from the vulnerable liquidity pools to safeguard their investments. Meir Dolev, a Web3 security expert, shed light on the situation, revealing that the attacker was persistently carrying out their operation. Approximately $900,000 was affected, with over $600,000 already transferred to the address 0xB23711b9D92C0f1c7b211c4E2DC69791c2df38c1.  On the same note, Blockchain security firm Beosin further divulged that the hack was executed through multiple flash loan attacks. Flash loans, a feature enabling us... read More



Balancer Drained for Almost $1M Days After Disclosing Vulnerability

    On the 22nd of August, Balancer Labs – a non-custodial portfolio manager, liquidity provider, and price sensor – received reports of a massive vulnerability affecting several of its lending pools. At the time, no attacks had been carried out – but that changed recently. Community Alerted As soon as the exploit was discovered, Balancer devs published a warning to its users, noting that certain pools had already been marked as safe and promising a post-mortem of the situation as soon as a patch was ready. In order to ensure that their funds were safe, users were directed to a newly made portal that would allow them to check whether their holdings were at risk or not. However, the devs recommended that users temporarily withdraw their funds from all pools as an extra safety measure. Unfortunately, this warning did not reach everyone’s ears, and the inevitable occurred almost a week later. Exploit Confirmed By CyberSec Researchers Last night, Balancer confirmed on X that an exploit had finally occurred and urged its users once again to withdraw their funds in order to prevent further exploits. “Balancer is aware of an exploit related to the vulnerability below. Mitigation procedures have drastically reduced risks, but are unable to pause affected pools. To prevent further exploits, users must withdraw from affected LPs.” The exploit was also confirmed by Meir Dolev, the founder and CTO of Web3 security firm CyverAI. Balancer is aware of a... read More



BREAKING: Balancer V2 Pools Under Threat, LP Users In Race Against Time ...

    Balancer, a decentralized finance (DeFi) protocol operating on the Ethereum blockchain, has recently disclosed a critical vulnerability impacting several of their V2 Pools.  While emergency measures have been implemented successfully to safeguard a significant portion of Total Value Locked (TVL), a portion of funds remains at risk.  As a precautionary measure, Balancer Labs advises users to withdraw their affected Liquidity Provider (LP) funds without delay. It is important to note that, at present, no funds have been lost, and the vulnerability has not been exploited. Balancer Discovers Critical Vulnerability According to the announcement, Balancer Labs promptly executed emergency mitigation procedures upon receiving the critical vulnerability report, successfully protecting over 80% of the affected pools. However, approximately 4% of Balancer's TVL is still exposed to risk.  Balancer has received a critical vulnerability report affecting several V2 Pools. Emergency mitigation procedures have been executed to secure a majority of TVL, but some funds remain at risk. Users are advised to withdraw affected LPs immediately.https://t.co/PDzX32gqeS pic.twitter.com/F1f649Wz3L — Balancer (@Balancer) August 22, 2023 To address this, the Emergency SubDAO 60 swiftly enacted measures to facilitate proportional exits from all impacted pools and implemented a pause on pools that remain within the designated pause window. While the funds within the mitigated poo... read More



Balancer's Native Coin BAL Resilient Amidst Security Emergency

    Balancer’s native token, BAL, appears to be holding up despite the platform’s ongoing security issues. On Friday, Jan. 6, the DeFi project tweeted a statement asking liquidity providers on its platform to withdraw their tokens from certain pools valued at $6.3 million.  Via their official Twitter handle, the decentralized exchange stated there was a security risk that could not be resolved by the platform's emergency DAO. Thus, they advised LPs to immediately remove their assets from all affected pools.  IMPORTANT: Because of a related issue, LPs of the following pools should remove their liquidity ASAP as the issue cannot be mitigated by the emergency DAO. https://t.co/WcBeBvjdY2 — Balancer (@Balancer) January 6, 2023 BAL Token Holds Its Ground For Now Earlier today, Balancer confirmed that 85% of the assets in those pools had been moved while still urging LPs to withdraw the remainder as they attempt to resolve the issue at hand. Interestingly, amid the ongoing problem of the decentralized exchange, several investors appeared to have retained their faith in the platform’s native cryptocurrency BAL.  In the last 24 hours following Balancer’s warning, BAL has appeared unaffected, decreasing in value only by 0.13% based on data from CoinMarketCap. At the time of writing, the ERC-20 token is exchanging hands at $5.35, with its market cap value set at $248,354,921, representing only a 0.11% negative change over the last day.  ... read More



What is Balancer Protocol? Everything You Need to Know

    Balancer is one of the most popular automated market makers (AMMs) and decentralized exchanges on the Ethereum network. It allows users to instantly swap tokens and earn fees when they provide liquidity to different pools. Balancer competes with other platforms such as ERC20-based Uniswap and SushiSwap. It has its advantages and disadvantages. The following aims to answer questions regarding Balancer, examine core features, customer support, security guarantees, and so forth. The Balancer Protocol With the use of liquidity pools, this AMM platform allows users to swap their ERC-20 assets without the need for a centralized entity or authority. Balancer users can also earn a share of trading fees as they provide liquidity. To increase the liquidity on the Balancer Protocol, the platform offers several incentives to users. What sets it apart from some of the big guns in the AMM protocol space is that it goes as far as offering users enough flexibility to create their private liquidity pools. Users can ultimately create pools using two or more crypto assets of their choice. Much like other notable automated market makers, Balancer routes its trades through any liquidity pools needed to secure the best rates for users. The three main user demographics on Balancer include traders, investors, smart contracts, liquidity providers, and arbitrageurs (they capitalize on different price spreads across platforms.) Pros: Fully decentralized and permissionless Liquidity pools are open to a... read More



TrueUSD and Balancer Offer Liquidity Providers TUSD and BAL Rewards From...

    PRESS RELEASE. Singapore, Singapore / April 4th / – TrueUSD (TUSD) and Balancer (BAL) Automated Market Maker (AMM) partnered up with Polygon to offer liquidity providers with TUSD and BAL rewards from a stablecoin pool incentive program last November. The program incentivizes liquidity providers to add TUSD-DAI-USDC-USDT liquidity to the Polygon ecosystem. In return for adding liquidity, providers will receive BAL, TUSD, and MATIC, an outstanding opportunity for liquidity providers to gain exposure to three different assets while providing liquidity to the ecosystem. The program is live on-chain and is open to all. TrueUSD and Balancer (Polygon) are very popular among investors searching for a safe DeFi investment that has generated considerable interest in the crypto communities. This pool's TVL rose as high as $116.9 million, prompting excitement from all corners of the crypto community. All MATIC rewards were paid out in early 2022, while liquidity bonuses in TUSD and BAL were maintained. (Source: polygon.balancer.fi, 2022.3.30) The market for stablecoins has exponentially evolved in the last year, with its value reaching nearly $200 billion. TUSD, the first regulated stablecoin fully backed by the US Dollar, independently verified on-chain, has earned trust from customers for its safety and transparency. Its market capitalization now totals nearly $1.5 billion, putting it fourth among stablecoin peers after USDT, USDC, and BUSD. TrueUSD has established partnerships... read More



TrueUSD and Balancer Offer LPs TUSD and BAL Rewards from Stablecoin Pool...

    [PRESS RELEASE - Please Read Disclaimer] Singapore, Singapore / Mar 31 / – TrueUSD (TUSD) and Balancer (BAL) Automated Market Maker (AMM) partnered up with Polygon to offer liquidity providers with TUSD and BAL rewards from a stablecoin pool incentive program last November. The program incentivizes liquidity providers to add TUSD-DAI-USDC-USDT liquidity to the Polygon ecosystem. In return for adding liquidity, providers will receive BAL, TUSD, and MATIC, an outstanding opportunity for liquidity providers to gain exposure to three different assets while providing liquidity to the ecosystem. The program is live on-chain and is open to all. TrueUSD and Balancer (Polygon) are very popular among investors searching for a safe DeFi investment that has generated considerable interest in the crypto communities. This pool's TVL rose as high as $116.9 million, prompting excitement from all corners of the crypto community. All MATIC rewards were paid out in early 2022, while liquidity bonuses in TUSD and BAL were maintained. The market for stablecoins has exponentially evolved in the last year, with its value reaching nearly $200 billion. TUSD, the first regulated stablecoin fully backed by the US Dollar, independently verified on-chain, has earned trust from customers for its safety and transparency. Its market capitalization now totals nearly $1.5 billion, putting it fourth among stablecoin peers after USDT, USDC, and BUSD. TrueUSD has established partnerships and collaborations... read More



OlympusDAO Establishes OHM as a Liquid Asset within the Balancer Ecosyst...

    The decentralized finance protocol OlympusDAO collaborated with Balancer to set up OHM as a liquid asset within the latter’s network. CopperLaunch and PrimeDAO will facilitate the front end of the Liquidity Bootstrapping Pools (LBPs) by adding OHM as a collateral token. The Specifics of The Project According to a document seen by CryptoPotato, the decentralized reserve currency protocol - OlympusDAO - will initially deploy $50 million of liquidity to Balancer Protocol. The structure of the initiative focuses on the access point to OHM via DAI and WETH (wrapped ETH), while lowering the price impact is the primary goal of the collaboration. As such, it was determined that an OHM/ETH/DAI – 50/25/25 Pool would be the best option to present to the Olympus community. The maximum treasury allocation will not exceed $25 million OHM and $12.5 million of each DAI and ETH. The Balancer liquidity pool should increase the network effects of OHM by generating trading fees and complementing the utility of the process. Balancer will play a vital role in the joint program. Its multi-token capability and flexibility could lower liquidity fragmentation, the document reads: “On Balancer, the OHM liquidity can be aggregated with both exchange assets (WETH and DAI), which results in a potential 25% improvement in price impact compared to fragmenting liquidity across two separate pools of OHM-DAI and OHM-WETH.” CopperLaunch and PrimeDao are also key players in the initiative... read More



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