Balancer is an automated portfolio manager. We can put our crypto assets to work, using this service. The platform has increased yields, greater capital efficiency, and deeper liquidity.
What is Balancer?
We have gathered information about the platform in the following list.
- Aave released their 80/20 AAVE/ETH Safety Incentive pool on Balancer. It allows LPs to help secure the protocol while earning rewards in both fields: AAVE and BAL.
- Aave is also building the first Balancer V2 Asset Manager, letting free from usage assets in Balancer V2 pools be used to get some yield on Aave.
- We have a cooperation that brings more capital efficiency to LPs who earn additional fees over swap fees and BAL from liquidity mining.
- AAVE/ETH Safety Incentive pool provides high rewards to liquidity providers through the Aave-Balancer Asset Manager.
- The owner of Aave and Balancer is Stani Kulechov.
- The algorithm manages funds rebalancing positions rapidly, earning trading fees.
- There are over 25,000 investors involved in Balancer’s flexible pool structures.
- Regular AMM is 50/50 pools
- Pools can receive 8 tokens.
- There’s an easy portfolio configuration.
- We can customize our level of exposure to each asset in their portfolio and to set custom price curves, enabling infinite strategies.
- The protocol was tested to prevent exploiting activities.
- Dynamic fee pools provide more profits, customizing top market conditions.
- Investors on Balancer receive a BAL token.
- We can claim BAL weekly on Tuesdays.
- Balancer is a non-custodial protocol, so investor funds are always controlled by the investors.
How does Balancer work?
The system provides a variety of pools with different shares to work with.
- The Balancer Portfolio generates yield automatically.
- We can earn BAL tokens.
- The platform allows to exchange any combination of ERC-20 tokens
How to use Balancer?
There are several steps to get started with Balancer:
- We have to connect our wallet with the platform.
- We can swap coins via the proper functionality.
- We may purchase a native token BAL.
- After this, we should deposit our gussets in a desirable pool.
There’s a list of pools with the token compositions, pool value, volume (24h), and APR. So, we have to decide which one is better for us. Pool compositions are: wstETH, WETH, DAI, USDC, USDT, WBTC, WETH, BAL, WETH, WETH, DAI, EGL, WETH, CNH, USDT, etc.
Security of Balancer
The devs provide a proper level of security on the platform. So, no 3rd party companies are involved in our relationships. There also are on site testimonials. It’s rare to see. All of them are positive.
What crypto exchanges does it support?
We can swap tokens of three blockchains : Ethereum, Polygon, and Arbitrum.
Deposits & withdrawals
The fees can be from 0.0001% to 10%. This number varies depending on the pool policy.
Quick summary of Balancer
- The service is based on the Ethereum blockchain.
- It provides various pool and token combinations to work.
- The fees can be from 0.0001% to 10%.
Pricing
We can revive earnings based on the deposited in the pool liquidity.
Key details of Balancer
| Headquarters | N/A |
| Founded in | 2020 |
| Listed Cryptocurrency | Any ERC-20 tokens |
| Supported Fiat Currencies | N/A |
| Trading Pairs | DAI, ETH, BAL, wBTC |
| Supported Countries | Any |
| Minimum Deposit | Any |
| Deposit Fees | N/A |
| Transaction Fees | No |
| Withdrawal Fees | No fees |
| Customer Support |
Customer support
We can receive support via email, Twitter, LinkedIn, and Discord.
Is Balancer legit?
Yes. The platform can be the one you’d like to take a look at to bring your assets.