Balancer Defi Coins Review – Easily Swap ERC20 Tokens


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About Balancer Defi Coins

Balancer is an automated market maker, decentralized exchange, and liquidity pool protocol built on Ethereum that allows users to provide liquidity for multiple assets simultaneously. Balancer’s BAL token acts as a governance token to help the project set features such as issuance rewards and whitelisted pools for liquidity mining. When users trade, their orders are filled by multiple pools with better pricing and lower slippage.

A Balancer Pool is an automated market maker with certain key properties that cause it to function as a self-balancing weighted portfolio and price sensor.

Balancer Defi Coins turns the concept of an index fund on its head: instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio by following arbitrage opportunities.

Balancer is based on a particular N-dimensional surface which defines a cost function for the exchange of any pair of tokens held in a Balancer Pool. This approach was first described by V. Buterin[0], generalized by Alan Lu[1], and proven viable for market making by the popular Uniswap[2] dapp.

Quick Fact About Balancer Defi Coins

Easily swap ERC20 tokens

Exchange tokens without deposits, bids / asks, and order management. All on-chain.

Simulate Trades

Preview an expected trade price for two assets given existing liquidity and slippage.

Smart Order Routing

Trades are split through an SOR which performs an optimization across all pools for best price execution.

Unstoppable Interface

Frontends are open-source and will be made available through IPFS. Trade any tokens without need for whitelisting or approval.

Flexibility built into the base protocol

Balancer Defi Coins Up to 8 tokens. Any weights. And programmability through smart-contract owned pools.

  1. Private pools where only you can add or remove liquidity
  2. Earn trading fees on top of cDai in a rebalancing smart pool
  3. Dynamic swap fees to adjust based on the underlying volatility
  4. Join a multi-token pool with a single asset
  5. Adjust weights continuously over time for dynamic strategies
  6. Use Balancer Pool Tokens within new pools for liquidity exposure

Balancer Yield Farming & Best Pools

Top liquidity pools on Balancer are currently returning up to 30% APR on Return on Liquidity. These rates have drastically improved after the Cap Factor update on July 5th 2020.

  • sETH 50% WETH 50% | $7,000,000 USD Liquidity
  • sUSD 50% USDC 50% | $7,400,000 $7,000,000 USD Liquidity
  • USDC 50% mUSD 50% | $18,878,747 USD Liquidity
  • MKR 60% WETH 40% | $13,219,311 USD Liquidty

Trading on Balancer’s Exchange

Alongside their liquidity and pools, Balancer is first and foremost a decentralized exchange. With no KYC or signups, the anonymity and privacy is upheld. All you need to start trading on there is a wallet like MetaMask. Learn how to set up a Metamask account here.

Balancer Defi Coins Exchange has a number of tokens available to trade. These include Ethereum (ETH), DAI, MKR, USDC, REP, BTC++, WBTC, WITH, BAT, SNX, ZRX, LINK, DZAR, UMA, LRC, REN, LEND, KNC, COMP, OCEAN. The Exchange also has a number of tokens without pools such as tBTC, ANT, cUSDC, cDAI, imBTC, pBTC, sBTC, sUSD, PNK, AST and RPL.

Is Balancer decentralized?

Balancer makes every effort to be as trustless as possible. There are no admin controls, upgradeability, or shutdowns built into the smart contracts.

What is Balancer useful for?

Instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio. You can earn returns by providing liquidity or as a trader swap between any assets in the global liquidity pool.

Trading on Balancer’s Exchange

Alongside their liquidity and pools, Balancer Defi Coins is first and foremost a decentralized exchange. With no KYC or signups, the anonymity and privacy is upheld. All you need to start trading on there is a wallet like MetaMask. Learn how to set up a Metamask account here.

The Exchange has a number of tokens available to trade. These include: Ethereum (ETH), DAI, MKR, USDC, REP, BTC++, WBTC, WETH, BAT, SNX, ZRX, LINK, DZAR, UMA, LRC, REN, LEND, KNC, COMP, OCEAN. The Exchange also has a number of tokens without pools such as tBTC, ANT, cUSDC, cDAI, imBTC, pBTC, sBTC, sUSD, PNK, AST and RPL.

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