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What is Balancer (BAL)?

Launched in March 2020, Balancer is a decentralized exchange protocol built on the Ethereum blockchain. It operates as an automated market maker (AMM) that allows for token trading without an order book. Balancer creates liquidity pools managed by smart contracts, from which funds are used for trading. Initially, Balancer did not have its own native token, but later introduced the BAL governance token. This token enables holders to participate in protocol governance by voting on proposals and rewards liquidity providers. Inspired by UniSwap, Balancer utilizes an n-dimensional invariant model, accommodating multiple tokens in a single pool, unlike UniSwap’s two-token pools. It functions as a self-balancing weighted portfolio, price sensor, and liquidity provider. Users can earn rewards by c...

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Global prices

BAL / DKKDanish Krone

6.358762

BAL / GBPBritish Pound Sterling

0.729323

BAL / HKDHong Kong Dollar

7.841826

BAL / INRIndian Rupee

85.528475

BAL / JPYJapanese Yen

144.010724

BAL / MXNMexican Peso

18.819527

BAL / AUDAustralian Dollar

1.589998

BAL / TRYTurkish Lira

38.015245