Today, Balancer (BAL) is priced at ¥35.45 CNY with a 24-hour trading volume of ¥35.263. Over the past day, BAL has decreased by 3.36%. Currently ranked #123 on CoinMarketCap, its market capitalization stands at $1,553,527,770 CNY. The circulating supply is 43,822,910 BAL tokens, with a maximum supply capped at 96,150,704 BAL.
1. What is Balancer (BAL)?
Balancer is an automated market maker (AMM) developed on the Ethereum blockchain and launched in March 2020. It raised $3 million in seed funding from investors like Placeholder and Accomplice. The protocol functions as a self-balancing weighted portfolio, price sensor, and liquidity provider. Users can earn rewards through its native token ($BAL) by contributing to customizable liquidity pools.
Types of Balancer Pools:
- Private Pools: Owners manage pool parameters and act as sole liquidity providers.
- Shared Pools: Open to liquidity providers (LPs) who earn Balancer Pool Tokens (BPT).
- Smart Pools: Governed by smart contracts, allowing broader participation and BPT rewards.
👉 Learn more about Balancer's unique features
2. Who Created Balancer?
Balancer Labs was co-founded by Fernando Martinelli (a serial entrepreneur with DeFi expertise) and Mike McDonald (CTO and security engineer). The project originated as a 2018 research initiative by BlockScience, combining academic rigor with practical DeFi solutions.
3. Unique Features of Balancer
Unlike Uniswap or Curve, Balancer supports:
- Multi-token pools (up to 8 assets) without requiring ETH.
- Dynamic self-rebalancing to maintain predetermined weightings.
- Lower slippage through arbitrage opportunities and high-yield opportunities for less liquid assets.
4. The BAL Token Explained
Launched in June 2020, $BAL is a governance token distributed to:
- Liquidity Providers: 145K BAL minted weekly (≈8.6 years for full distribution).
- Team/Advisors: 25M tokens reserved.
- Ecosystem Fund: 5M tokens for partnerships.
Total supply: 100M BAL.
5. Balancer Security Measures
Balancer prioritizes safety through:
- Triple Audits: By Trail of Bits, ConsenSys, and OpenZeppelin.
- Trustless Design: No admin keys or backdoors.
- ERC-20 Compliance: Rejects non-compliant tokens in pools.
FAQ Section
Q: Where can I trade BAL tokens?
A: BAL is available on major exchanges like OKX and Binance.
👉 Start trading BAL with low fees
Q: Is Balancer better than Uniswap?
A: Balancer offers multi-token pools and customizable weights, while Uniswap focuses on ETH pairs. Choose based on your needs.
Q: How do I earn BAL rewards?
A: Provide liquidity to Balancer pools to earn BPT and $BAL distributions.
Key Takeaways
- BAL powers a flexible AMM with unique liquidity solutions.
- Its governance model incentivizes community participation.
- Security audits and ERC-20 compliance ensure user safety.
For real-time updates, check Balancer’s official channels or trusted exchanges.