Balancer, founded on the Ethereum blockchain and introduced in March 2020, facilitates individual authors and delivers informative and educational content. The system is utilized across different blockchains such as Ethereum, Optimism, Gnosis, Polygon, Base, and Arbitrum. Established in June 2020, the Balancer token (BAL) is intended to further promote LP decentralization. Balancer DAO welcomes submissions for its variety of grants, where you are involved in submitting proposals, receiving feedback from DAO, and participating in chain votes. Balancer's protocol is managed with persistent attention to adopting modifications based on repeated audit findings. Pools in Balancer are categorized as public or private based on ownership, and in the case of the latter, can be fully owned by a single client, allowing modification of liquidity parameters. One attribute of Balancer is its square container base for GOLD/WETH/USDC with an advised balance percentage of 9.76%. An ongoing task features an airdrop campaign involving Balancer tokens. Balancer's development reflects its role in the evolving ecosystem, as recently shown by modifications tied to crypto based factors from protocol contributors. Besides, BAL tokens have the potential to be listed on various exchanges. A significant update, Balancer's V2 version presents improvements including alterations in UI, additional features, token vesting, new LBPs purchase solutions, and the start of zero collateral LBPs. As time passes, more modifications tied to V2 are anticipated. With the V2 modification, the goal is to develop the platform into a regular point of reference for projects associated with emerging communities.
Balancer is a well-established DeFi liquidity protocol, known for its second version, Balancer V2. It supports the creation of various liquidity pools and has specific goals related to maintaining swap volumes, interest-bearing tokens, and the use of derivatives. One key aspect of Balancer's plan is to improve user understanding through enhanced UI interactions. The protocol leverages Layer 2 ecosystems, which boast low transaction costs and quick settlement times. Acting as a liquidity provider, Balancer adjusts to price sensitivity. It also has a strong community focus, supporting equal launches and token swaps aligned with community interests through Balancer DAO. Serving as a portfolio manager and price sensor, Balancer is a prominent player in the DeFi sector.
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Current price: $5.2340
Market cap: $324.47 M
All-time high: $74.45 (May 4, 2021)
All-time low: $2.92 (Oct 19, 2023)
Daily trading volume: $7.22 k
BAL facilitates decentralized access by allowing the protocol to be used across various user interfaces (UIs). This ensures that users are not reliant on a single protocol for their interactions, promoting greater decentralization. To encourage participation in the BAL ecosystem, protocols can trade on Flooz to the formulation of gauges, which help distribute incentives. However, these contributions require approval from the DAO, ensuring a systematic approach to incentive allocation and promoting effective user interaction. Traders can engage in these actions within the BAL ecosystem, but it's important to note that all actions must receive DAO approval. Within the BAL ecosystem, the term "token" is used to refer to crypto.
The BAL token is linked with Balancer DAO and aims to facilitate and streamline the expansion of Arbitrum. Upcoming adjustments in line with their roadmap include a manual chain switching mechanism that provides a comprehensive overview of adjustable pools. This feature helps users trade and manage their assets within the BAL context effectively. It showcases the adaptable properties and potential uses of BAL, making it a relevant option for those exploring tokens with flexible properties in the evolving tokens landscape.
Balancer, identified by its native token BAL, establishes a system using shared pools that address the needs of Liquidity Providers (LPs). In trade for their liquidity contributions, LPs are granted Balancer Pool tokens (BPTs). These tokens represent their share in the pool and can be utilized for various purposes within the Balancer ecosystem. This decentralized finance (DeFi) protocol offers a unique solution for liquidity providers, allowing them to participate and benefit from the ecosystem without relying on centralized exchanges. The platform's approach prioritizes decentralization and user empowerment, aiming to create an open and accessible financial system. By leveraging the power of blockchain, Balancer ensures transparency and security for its users. The BAL token plays a crucial role in governance decisions and maintaining the platform's stability. Engaging with Balancer's system is a seamless experience, enabling users to effortlessly interact with the protocol and explore exciting opportunities that it presents. The team behind Balancer has put extensive effort into maintaining a robust and trusted platform, continuously working to enhance the user experience. In summary, Balancer combines the advantages of decentralized finance with innovative features, promising a secure and transparent environment that entices careful participants seeking gains in the DeFi space.
Balancer Lab, founded in 2018, fosters an environment that welcomes contributions from developers, community contributors, and graphic designers. Known for its collaborations and partnerships, Balancer has a history of working with projects like Aave. The project actively encourages community engagement through its BAL token by organizing a partner program that allows individuals to create written content about Balancer. The project operates on an 80/20 scheme, with the collaboration of Raft and QiDAO. To foster community involvement, Balancer has grant committees where recipients are selected through voting procedures. To further incentivize participation, Balancer offers features such as the double ARB program within the LGP and the veBAL voting market. These strategies are designed to align with the preferences of token holders and nurture stakeholder involvement.
The BAL token is used within tailored pools and in its integration with the Arbitrum chain. The Balancer protocol allows for the creation of user interfaces (UIs) to accommodate various applications and user groups. The ecosystem includes established grantees and ongoing initiatives. Balancer currently has a total value locked (TVL) and allocates resources to support the development of new protocols, toolkits, and informational materials within the Balancer community. Users can interact with customizable liquidity pools and earn BAL tokens, which have been traded on Flooz. The protocol offers different experiences depending on your direct engagement with UIs and registered pools. Balancer also collaborates with other projects in the DeFi field, such as Aave, to provide more services to liquidity providers and explore opportunities for stakers.
In the last 24h, BAL holders generated $7.22k volume.
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Open-source contracts like BAL ensure transparency and align with code security best practices, lowering the risk of hidden vulnerabilities.
The BAL smart contract indicates a fixed structure, reducing the risk of unexpected changes that could lead to a rugpull.
BAL smart contracts has no minting capabilities which ensures a stable token supply, safeguarding against unexpected inflation that can devalue the price of BAL.
Non-reclaimable ownership of BAL ensures stability in contract governance, mitigating the risk of unexpected alterations that could compromise token security.
The BAL contract prevents its owners from altering token balances provide a layer of security against unauthorized modifications, protecting against potential crypto exit scams.
The absence of hidden owners in a contract enhances transparency and trust, reducing the likelihood of malicious manipulation and scams.
Contracts lacking external call capabilities maintain operational independence, minimizing dependency risks and enhancing solidity security.
Availability on DEXs indicates a BAL’s trade readiness and broader acceptance, possibly reflecting positively on its market presence and liquidity.
A token with no buy tax like BAL ensures full value transfer on purchase.
A zero sell tax ensures that sellers retain the full value of their transaction, promoting fair trading conditions for all BAL holders.
Tokens marked as purchasable, like BAL are accessible for direct swapping on Flooz.
Tokens without sell restrictions like BAL allow holders to liquidate their entire position, providing flexibility in investment strategies.
BAL has fixed trading taxes which offers predictability in transaction costs associated with swapping on Flooz.
BAL is confirmed to NOT be honeypot. BAL is deemed safer for transactions, mitigating the risk of crypto scams and ensuring tradeability.
Contracts that cannot pause trading ensure continuous market access, supporting consistent liquidity and enable you to swap BAL any time on Flooz and other decentralized exchanges.
BAL has no blacklist function and thus promotes open and fair trading, reducing the risk of cryptocurrency scam and fraud.
The BAL solidity smart contract is lacking a whitelist feature. This ensures universal access to trading, fostering inclusivity and market participation and reduces the likelihood of crypto exit scams.
Contracts without anti-whale mechanisms like BAL allows for unrestricted transaction sizes and token holdings, which can lead to market dominance by large holders.
BAL has a fixed anti-whale limits which can offer consistency in trading rules, protecting the its holders from sudden policy shifts.
Contracts without a trading cooldown function like BAL allow for immediate subsequent swaps
The BAL owner cannot set a different tax rate for every wallet. Contracts that do not allow for individualized tax rates maintain uniform transaction conditions for all users, minimizing the risk of cryptocurrency scams.
Recognition as a famous and trustworthy token underscores established credibility and market acceptance, providing reassurance to investors about the token's reliability.
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We estimated the value of this pool based on the value of its stable/native coins.
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