Balancer

Thing ∙ ID: 10664

Balancer is a decentralized finance (DeFi) protocol that serves multiple functions in the cryptocurrency ecosystem. As a non-custodial portfolio manager, it allows users to maintain control of their assets while optimizing their investment strategies. The protocol also acts as a liquidity provider, facilitating efficient trading of various tokens. Additionally, Balancer functions as a price sensor, helping to determine accurate market prices for digital assets. With the introduction of Balancer V2, the platform has evolved to offer a more versatile and generalized protocol for automated market makers (AMMs), enhancing its capabilities in decentralized trading and liquidity provision.