What is balancer (Bal)?

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

What if balancer worked in a way they didn't like?

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.

How did balancer get its name?

At the time, it was simply referred to by its company name. Balancer Founders, Fernando Martinelli, an entrepreneur, and Market Maker member with extensive knowledge of DeFi space, and Mike McDonald, CTO and co-founder of Balancer, have been critical to the project’s success.

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?