What is balancer finance?

Balancer Finance or Balancer Protocol is an AMM, DEX, and liquidity pool protocol that can be used for swapping ERC-20 assets without the need for a centralized entity like an exchange. Balancer Labs, the tea, behind the development of Balancer Protocol, published Balancer whitepaper in September of 2019.

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?

What is a balancer pool?

A Balancer Pool is an automated market maker with certain key properties that cause it to function as a self-balancing weighted portfolio and price sensor. According to its Whitepaper, Balancer is a kind of index fund where users create funds based on the cryptocurrencies in their portfolios.

What is the balancer protocol?

The Balancer Protocol is being developed by Balancer Labs, a technology company that develops novel blockchain-based products.