Balancer (BAL) explained in 6 steps

Balancer is a platform built on the Ethereum network and a liquidity pool protocol. The token of this protocol is BAL.

  1. When and by whom was it founded?

Created by Fernando Martinelli and Mike McDonald, Balancer was realized in 2018 by being turned into a research program in BlockScience software company.

  1. The Infrastructure of BAL

Balancer is a decentralized De-Fi project based on Ethereum infrastructure. It has a structure operating on three types of pools: private pools, shared pools, and smart pools. Private pools are under the control of the asset owner, and they provide the liquidity themselves. Shared pools are the type of pools where more than one individual who would like to provide liquidity takes place. Smart pools are a variation of private pools that are controlled by smart contracts.

  1. What does BAL promise to the users?

Balancer has an algorithm that facilitates for AMMs (automatic market maker) to keep and determine the trading method for assets. Moreover, thanks to its pools, it provides liquidity flow in return for fees taken from investors. The option to add more than one token and no ETH obligation are the features that set Balancer apart from others.

  1. Is BAL mined?

“Liquidity mining” is done in Balancer protocol. BAL tokens are awarded in return for the liquidity provided to the system.

  1. The lowest and highest price with the total supply

The lowest price of BAL was recorded on July 15, 2020, at $7.88. On February 12, 2021, it reached its highest price at $52.19. The circulating supply of the cryptocurrency is 6,943,831 BAL, with a total supply of 35,725,000 BAL.

  1. How to make BAL transactions on Paribu?

You can click on the link and make your BAL transactions right away via Paribu.

Bu içerik en son 26 October 2022 tarihinde güncellenmiştir.


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