Market stats
Balancer (BAL) is an Ethereum token that powers the Balancer protocol, an automated market maker that lets anyone create or add liquidity to trading pools while earning customizable trading fees. Balancer pools can have up to 8 tokens and each token can be individually weighted within the pool, such that one token can make up as little as 2% of the total.
Balancer V2 features an updated user interface. The team behind the iteration also claims it will reduce gas fees for its customers. The post DeFi startup Balancer Labs rolls out latest version of its automated market-making protocol appeared first on The Block.
In a bid to reduce Ethereum fees on the platform, all pools managed by Balancer will now be administered from a single vault.
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