Balancer (BAL) is the Ethereum token for the Balancer protocol, an automated market maker enabling users to create or add liquidity to pools with customizable trading fees. More
| Fully Diluted Valuation | $86.85M |
|---|---|
| 24H Trading Volume | $8.47M |
| 24H Low / High | $1.23 / $ 1.33 |
| Circulating Supply | 64.58M |
| Total Supply | 69.66M |
| Max Supply | 96.15M |
| Categories | Exchange-based Tokens 22 more |
|---|---|
| Founder | Fernando Martinelli 1 more |
| Website | balancer.finance Whitepaper |
| Socials | 6 more |
| Chains | Ethereum Ecosystem 11 more |
| Explorer | Blockscout 9 more |
| Contracts |
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11 more
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| Name | Pair | OG Score |
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Balancer, launched in March 2020, stands as a beacon in the decentralized finance (DeFi) landscape, providing users with a unique platform for trading ERC20 tokens without the need for traditional order books. At its core, Balancer is an automated market maker (AMM) protocol built on the Ethereum blockchain, utilizing smart contracts to create versatile liquidity pools.
Originally devoid of its native token, Balancer introduced the governance token, BAL, to the ecosystem. BAL serves a pivotal role, enabling token holders to participate in the project's governance by voting on proposals and influencing the platform's trajectory. Additionally, BAL is a means to reward liquidity providers who contribute to these liquidity pools.
Inspired by the UniSwap exchange protocol, Balancer employs an n-dimensional invariant model, allowing for the creation of pools with multiple tokens, a departure from the typical two-token pools seen in other AMMs. This flexibility aligns with Balancer's mission to function as a self-balancing weighted portfolio, price sensor, and liquidity provider.
The protocol offers various pool types, including private pools, shared pools, and smart pools. Private pools grant governance control to the owner, while shared pools incentivize liquidity providers with Balancer Pool Tokens (BPTs). Smart pools, controlled by smart contracts, welcome contributions from anyone interested in providing liquidity.
One distinctive feature of Balancer is its allowance for up to eight assets per market, each weighted by percentage and automatically rebalanced. This unique characteristic sets Balancer apart from other AMMs like Uniswap and Curve, providing users with increased flexibility in asset allocation.
Security is a top priority for Balancer, evidenced by three comprehensive audits conducted by Trail of Bits, ConsenSys, and OpenZeppelin. The absence of admin keys or backdoors ensures a trustless environment, with non-upgradeable Balancer pools and a commitment to ERC-20 standard conformity.
As for BAL token distribution, 25 million tokens were allocated for the team, core developers, investors, and advisors. An additional 5 million tokens each were assigned to the Balancer Ecosystem Fund and the fundraising fund, with the remaining tokens set for distribution to liquidity providers at a rate of 145,000 per week.
The revolutionary approach of Balancer lies not only in its technology but also in its ability to democratize finance. It allows users to earn fees by contributing to liquidity pools, reshaping the landscape of traditional asset management and decentralized exchange. Balancer's journey, initiated by founders Fernando Martinelli and Mike McDonald, started as a research program in 2018, culminating in a seed round that raised $3 million from Placeholder and Accomplice.
In conclusion, Balancer's emphasis on flexibility, security, and user incentives has positioned it as a powerful force in the DeFi industry. As the project continues to evolve, its impact on the market and its users is likely to shape the future of decentralized finance, offering a decentralized exchange and liquidity provision platform that empowers users globally.
Balancer introduced its governance token, BAL, with a total supply of 100 million tokens. Notably, 25 million tokens were allocated to the team, core developers, investors, and advisors, fostering decentralization and incentivizing liquidity provision.
Balancer distinguishes itself by allowing up to eight assets per market in its automated market maker (AMM) pools, providing unparalleled flexibility for users in asset allocation compared to traditional two-token AMMs.
Balancer was founded by Fernando Martinelli and Mike McDonald, visionaries in the decentralized finance (DeFi) space. The project originated as a research program in 2018 at BlockScience before evolving into the prominent DeFi protocol we know today.
Balancer garnered significant support in its seed round, raising $3 million from prominent backers Placeholder and Accomplice. This financial backing has played a crucial role in the project's development and success.
You can buy Balancer (BAL) on Bitget, MEXC, Gate.io, OKX, Coinbase cryptocurrency exchanges.
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