Market Cap:
$1 613 224 898 870
(▼2.68%)
- Volume 24h: $102 671 773 465 (6.36%)
- Market Cap Change 24h: ▼2.68%
- BTC dominance: 44.71%
Balancer
BAL
CMC Rank: 171
- USD: $19.52
1h: ▲0.83% 24h: ▼6.15% 7d: ▼21.72%
- BTC: 0.00060 BTC
All Time High: $74.45 2 years ago
Current price is -74 % from ATH
Current price is -74 % from ATH
- Cap: $210 976 242
- Vol 24h: $19 557 839 (9.27 %)
- Circulating: 10 799 858 BAL (24.9 %)
- Total: 43 410 000 BAL
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About Balancer
Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor
The Balancer Protocol Governance Token (BAL) are distributed to Liquidity Providers of Balancer. BALs are a key way of decentralizing the governance of the protocol such that it can remain resilient over time, protected from the failure of any single stakeholder.
The proposed amount of distributed BALs to liquidity providers is 145,000 per week, or approximately 7.5M per year. This means in the first year of BAL’s existence there would be 30% supply inflation off the initially allocated supply of 25M tokens. This high rate of supply inflation is meant to kickstart the distribution of governance rights of the protocol out to those who earn it.
The Balancer Protocol Governance Token (BAL) are distributed to Liquidity Providers of Balancer. BALs are a key way of decentralizing the governance of the protocol such that it can remain resilient over time, protected from the failure of any single stakeholder.
The proposed amount of distributed BALs to liquidity providers is 145,000 per week, or approximately 7.5M per year. This means in the first year of BAL’s existence there would be 30% supply inflation off the initially allocated supply of 25M tokens. This high rate of supply inflation is meant to kickstart the distribution of governance rights of the protocol out to those who earn it.
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