What is the balancer platform?

The Balancer platform is one such DeFi protocol that operates as a decentralized exchange and automated market maker for crypto assets.

What is balancer (Bal)?

Balancer is a type of DeFi protocol known as an 'automated market maker'. Rather than using order books for processing trades, it directly swaps one asset for another via user-created liquidity pools. Users can help govern the platform using the Balancer (BAL) token.

What is a balancer token?

Like many modern DeFi applications, Balancer features its own native utility token, known as the Balancer token (BAL). This is used for participating in the governance of the Balancer Protocol and can be earned by providing liquidity or trading on the platform. How Does Balancer Work?

Is balancer a Defi Dapp?

It has been in development since 2018 and the bronze release of Balancer launched in 2020. Since then, it has risen to become one of the top 15 DEX platforms on Ethereum by trading volume and one of the ten largest Ethereum DeFi DApps by locked value.