Balancer Crypto Platform

Pros

$1,220,189,190 USD currently invested (TVL)

Investments in 189 coin pairs available

Supports protocols including Arbitrum, Ethereum and Polygon

Cons

Investments in liquidity pools can be higher risk

Liquidity pool investments are only suitable for advanced crypto users

Balancer Reviews

The Balancer is a non-custodial automated portfolio management platform with exchange tools rather than a common crypto exchange platform. Balancer also provides exchange services on the platform and shares its revenue with the portfolio holders. Balancer finance is decentralized and built on the Ethereum blockchain network. Balancer Labs own Balancer.fi, that is founded by Fernando Martinelli, Mike McDonald, and Nikolai Mushegian in 2018. Balancer Labs started with a $3 Million seed funding from its founders and then raised a little over $29 Million in funding series.
 
The difference between Balancer finance and other crypto exchanges is asset management tools in the platform. The Balancer finance crypto platform is an exchange platfrom like Uniswap. It is completely decentralized and non-custodial. Anyone can swap and exchange any ERC tokens on the platform. But Balancer is more than an exchange, It also serves other tools like portfolio management.
 
The Balancer platform offers its users automated self-balancing portfolios that users can invest in. Automated portfolios are liquidity pools that self-balancing the token weights with predetermined triggers. Users can use self-balancing portfolio tools to avoid sudden changes in the market. Self-balancing portfolio management works like Exchange Traded Fund (ETF) instruments in the stock markets. Users invest in a portfolio, and the token weight in the portfolio changes by the trends. The biggest advantage of using automated portfolios is that participants also enjoy the revenue share. Transaction fees from the exchange are shared with portfolio participants, and users are paid in BAL tokens.
 
The third tool offered on the Balancer platform is token launch. New projects can launch their tokens on the platform in a more democratized way; that is called Liquidity Bootstrapping. Liquidity Bootstrapping is a method that creates more diverse distributed token launches.
 
There has been a hack issue with the Balancer platform, and hackers exploited $500,000 in Ether. Hackers used the Balancer’s exchange tool and drained Ethers from the pools. It was claimed that the Balancer team was aware of the bug months before the hack, but they avoided reporting it. You can read Cointelegraph news about the hack by clicking the link: BAL hack
 
BAL is the native token of the platform. Bal token holders have liquidity mining and liquidity staking options. You can earn rewards by staking or adding your Bal tokens to the liquidity pools.

How Much Can You Earn on Balancer?

Balancer Supported Currencies

Balancer supports over 200 currencies including Ethereum, Tether, USD Coin and Polygon.

Balancer Key Data

Company

Automatic market maker	Yes
Year founded	2,007
Decentralised	Yes
Open source	Yes
Non-custodial	Yes

Products

Crypto to crypto exchange	Yes
Crypto withdrawals to private wallet	Yes

Security

Know your customer

No

Key People

Fernando Martinelli

Co-founder & CEO

Mike McDonald

Nikolai Mushegian

Useful Links

Balancer Contact Details