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 balancer (Bal)?

What is Balancer? (BAL) Balancer is a software running on Ethereum that seeks to incentivize a distributed network of computers to operate an exchange where users can buy and sell any cryptocurrency .

What is the balancer protocol?

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

What if balancer didn't work?

If Balancer worked in a way they didn’t like, they were out of luck. Enter the Balancer token, which trades in the crypto market under the ticker “BAL.” BAL, we will talk about later. First, a brief breakdown of Balancer the protocol. Balancer is a decentralized finance protocol based on Ethereum that allows for automatic market-making.