USD $5.86
stockPerformance 0.205 (3.49%)
Updated: 12 Jan, 2:38 pm UTC
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Balancer is a cryptocurrency optimised for automated portfolio management. It was launched in 2020 by the Balancer Labs team, a group of seasoned crypto developers and academics. The Balancer protocol is a decentralised automated market maker (AMM) which provides a more efficient way for users to manage their digital assets.

The Balancer protocol was designed to be a secure, trustless and permissionless way to trade and manage digital assets. It uses a novel algorithmic portfolio management system to ensure that users can optimise their portfolios with minimal effort. The protocol is also designed to be highly secure, with no single point of failure, and has a built in incentive system to reward users who act as liquidity providers. Balancer has quickly become one of the most popular decentralized exchanges in the industry, with over $1 billion in total value locked in its protocol. It is also integrated with popular wallets such as MetaMask and Coinbase, making it easy for users to access and manage their Balancer portfolios.