The Multi-Asset Automated Market Maker (AMM) Decentralized Solution.
Balancer (BAL) Fact Sheet
- Balancer is an automated market maker (AMM) decentralized exchange (DEX) and liquidity pool protocol that was built on top of the Ethereum (ETH) blockchain and aimed to let all and any of its users provide liquidity for multiple assets simultaneously.
- Balancer stands out when compared to competing options out there due to the fact that it allows for custom ratios of assets for each pool.
- All of the pools that are available on Balancer can set their own customized trading fees, which reward the liquidity providers that risk experiencing impermanent loss due to the fluctuation within the value of the assets that are held in the pool.
- The native cryptocurrency that is used to power Balancer is known as BAL, and BAL is used as a governance token that aids in the project’s implementation of new features as well as for the issuance of rewards and whitelisted pools for liquidity mining.
BAL Historical Data Price Chart in the U.S. Dollars (USD)
Balancer (BAL) Historical Data Price Chart in the U.S. Dollars (USD). Source: TradingView