Balancer Logo

Balancer BAL

Balancer header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Description

Balancer can be defined as software that runs on Ethereum and attempts to incentivize a distributed network of computers to operate an exchange where the users can buy and sell cryptocurrencies. It is a type of DeFi protocol that goes by the name of an automated market maker (AMM), and rather than using order books for processing trades, it directl...

Balancer can be defined as software that runs on Ethereum and attempts to incentivize a distributed network of computers to operate an exchange where the users can buy and sell cryptocurrencies. It is a type of DeFi protocol that goes by the name of an automated market maker (AMM), and rather than using order books for processing trades, it directly swaps one asset for another through liquidity pools that are created by the users.

As such, we can say that Balancer is an AMM, DEX, and liquidity pool protocol mostly used for swapping ERC20 tokens without the need to rely on centralized entities.

It is a fully permissionless platform, which means that anyone can access it as long as they have a crypto wallet that can support it.

AN Automated market maker is a platform that uses an algorithm when it comes to managing its orders, rather than the bid and ask system a lot of centralized exchanges end up using.

The BAL Token Explained

BAL is the native cryptocurrency token for Balancer and is an essential part of the distribution of its operations that ensures no central party can make decisions about how it operates. It is also an incentive mechanism, where users who deposit assets into the Balancer pools can earn BAL tokens. BAL users can, at some point, vote on the weekly rate of BAL distribution, Balancer protocol fees, or the possibility of launching it on other blockchains.

Features of Balancer

Balancer has several features that make it stand out. For one, you have balancer pools, which can be both private and public pools intended for different kinds of users. Public pools will allow just about any user out there to provide liquidity through adding withdrawing assets, and the parameters of public pools are pre-set and cannot be changed before their launch.

On the other end of the spectrum, you have private Balancer pools which only the pool creator can add or withdraw assets to and from. The user can also adjust all of the other parameters of the pool such as the fees, weightings, and other types of assets it accepts. These are useful to asset managers with a large portfolio that wants to earn fees on their assets.

Then you have smart pools which are owned by smart contracts which allows them to be programmed to perform certain functions, such as changing weights or creating index funds that can track a property portfolio.

Founders of Balancer (BAL)

Balancer actually originated as a research program at a software development company known as Block Science in 2018. The Balancer Lab, however, was founded by Fernando Martinelli and Mike McDonald.

Discussing Fernando Martinelli, he is a serial entrepreneur and a community member of Maker. He has worked on many projects prior to Balancer and has co-founded other companies before starting it as well.

Discussing Mike McDonald, he is the co-founder and CTO at Balancer and is a security engineer. He created mkr.tools and joined Martinelli to build the Balancer platform.

Joining them on this adventure is Kristen Stone, who fills the role of the CCO and has worked in the crypto industry for several years, and has past experience working at Coinbase.

2. Price

$BAL / USD

2.1. Market Performance

How does Balancer's (BAL) performance compare to assets of a similar market capitalization?

30 Day Return

-28.8%

BAL

33.1%

Similar Market Cap

60 Day Return

15.6%

BAL

1,133.3%

Similar Market Cap

1 Year Return

43.2%

BAL

173.3%

Similar Market Cap

3. Developer Activity

We're monitoring 34 Balancer Github repos for commits, code additions and deletions. This data is factored into the Developer Rank.

Weekly Commits (All Balancer Repos)

Commits vs. The Market

  • Past 4 weeks: 393 commits vs. an average of 39
  • Past 12 weeks: 1,005 commits vs. an average of 142
  • Past year: 5,431 commits vs. an average of 970

Most Active Repos

Past week 98
Past 12 weeks 328
Past year 957
Past week 46
Past 12 weeks 156
Past year 711
Past week 3
Past 12 weeks 29
Past year 666
Past week 0
Past 12 weeks 0
Past year 565
Past week 7
Past 12 weeks 43
Past year 230
4. Social Activity
Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Telegram Users 0
Twitter followers 99,210
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://balancer.finance/
Explorer https://etherscan.io/token/0xba100000625a3754423978a60c9317c58a424e3D
Twitter @BalancerLabs
Forum https://forum.balancer.finance/
Please use this form to suggest changes to the data.

Stay updated

Get crypto insights and news directly in your inbox each week. 100% free.

We hate spam & care about the protection of your data. Privacy Policy.