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BAL

Balancer  

#BAL

BAL Price:
$5.45
Volume:
$5.8 M
All Time High:
$75.15
Market Cap:
$0.2 B


Circulating Supply:
42,595,582
Exchanges:
34
Total Supply:
52,344,060
Markets:
53
Max Supply:
Pairs:
52



  BAL PRICE


The price of #BAL today is $5.45 USD.

The lowest BAL price for this period was $0, the highest was $5.45, and the current live price for one BAL coin is $5.45142.

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 2.2 years old.


  BAL MARKET CAP


The current market capitalization for Balancer is $232,206,524.

Balancer is ranking upwards to #131, by market cap (and other factors).


  BAL VOLUME


The trading volume is big during the past 24 hours for #BAL.

Today's 24-hour trading volume across all exchanges for Balancer is $5,812,021.


  BAL SUPPLY


The circulating supply of BAL is 42,595,582 coins, which is 81% of the total coin supply.


  BAL BLOCKCHAIN


BAL is a token on the Ethereum blockchain, and has digital contracts with 6 other blockchains.

See list of the BAL Blockchain contracts with 7 different blockchains.


  BAL EXCHANGES


BAL is well integrated with many pairings with other cryptocurrencies and is listed on at least 34 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



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...




Staking 101: What It Means For Balancer

Staking incentivizes users to maintain the integrity of the network they are participating in. Below we walk through the staking process and its benefits to Balancer.. — Consensus Mechanisms — A Brief Overview Blockchain technology is the foundation upon which all cryptocurrency is built. They operate as a ledger — storing transaction data on an open-source and decentralized database. The decentralized nature of this storage model makes the blockchain secure but also requires a mechanism to ensure all network participants are in sync. These are called consensus mechanisms. Proof of Work and Proof of Stake are the main consensus mechanisms. Let’s look under the hood at Proof of Stake and how it’s implemented in DeFi.History of Proof of Work Bitcoin pioneered the Proof of Work algorithm, which requires network participants, or “miners,” to expend large amounts of computation to solve the next block’s hash. Once the answer is found, the next block on the chain forms. The Bitcoin blockchain adjusts the difficulty of the problem so that a block forms roughly every ten minutes. As the network grew, the computation became so complex that the electricity required to solve the next block was too substantial to manage. Bitcoin is not the only network utilizing the environmentally costly Proof of Work algorithm. Ethereum — crypto’s second largest network — also uses PoW. However, it plans to ...




Bug Bounty Progress Disclosure

Bug Bounties — Another Key Step to Strengthen the Security of the Balancer Protocol. — Security has always been the top priority at Balancer. The team is committed to safer DeFi, and all reported potential vulnerabilities are investigated thoroughly. The Balancer bug bounty program is among the largest in DeFi, with maximum payouts of 1000 ETH. TL;DR:Two potentially exploitable scenarios have been identified by white hat hackers.Fixes were engineered, and bug bounty payouts were made.Funds are safe, and the issues were never exploited. On May 14th and 15th, the Balancer Labs team was notified about two potentially exploitable scenarios. White hat hackers disclosed these vulnerabilities via an email report and through the bug bounty platform Immunefi. Balancer Labs took immediate action to assess both reports and remedy potential vulnerabilities.What happened? The first reported issue was related to Stable and Managed Pools. User funds were not at risk at any time as the exploit could only be executed by Pool owners or Balancer Governance composed of known participants in the Balancer ecosystem. In particular, Balancer Governance on Ethereum Mainnet (which holds the vast majority of funds) represents a 6-of-11 multisig owned by reputable members of the Web3 community. Balancer Labs took immediate measures to reduce any chance of the exploit and engineered a fix to the vulnerability. The second reported issue per...




  BAL NEWS


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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