The top-100 DeFi tokens showed mixed market performance, with several tokens registering double-digit gains in the last seven days, while a significant majority remained bearish on the weekly charts.
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DeFi Protocol Balancer, an Automated Portfolio Manager and Digital Asset Liquidity Provider, Launches Version 2.0
Balancer Version 2.0, the “most flexible” and efficient automated market maker (AMM) is now live.
Balancer Labs, which aims to become the “primary source” of DeFi liquidity by offering the “most flexible” and simple platform for asset management, has announced many new updates.
As previously reported, Balancer (BAL) is an Ethereum token that’s used to power the Balancer protocol, which is described as an automated market maker (AMM) that allows users to create or add liquidity to various trading pools. Those who contribute liquidity can earn “customizable” trading fees. Balancer pools may have up to 8 cryptocurrency tokens and each token gets individually weighted within the pool itself, such that it is possible for one token to make up only 2% of the total.