Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
Home Platforms Balancer
Balancer reviews
Review Score
87%
2 Reviews
Anonymous
Decentralised

Average rating of 87% based on 2 reviews.

Use anonymously. No KYC required.

Decentralised exchange.

Go to Balancer earnings calculator

Average rating of 87% based on 2 reviews.

Use anonymously. No KYC required.

Decentralised exchange.

Go to Balancer earnings calculator

Balancer Review, Pros & Cons and Features

Pros

tick $1,471,209,411 USD currently invested (TVL)
tick Investments in 165 coin pairs available
tick Supports protocols including Arbitrum, Ethereum and Polygon

Cons

cross Investments in liquidity pools can be higher risk
cross 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 80 currencies including Ethereum, Tether, USD Coin and Polygon.

ALooking at reviews from across the web, Balancer has an average review score of 87% based on 2 reviews.

Balancer Key Data

Company
Automatic market maker tick Yes
Decentralised tick Yes
Non-custodial tick Yes
Products
Crypto to crypto exchange tick Yes
Crypto withdrawals to private wallet tick Yes
Security
Know your customer cross No
Key People
Fernando Martinelli
Co-founder & CEO
Mike McDonald
Nikolai Mushegian

Useful Links

Balancer Contact Details

https://balancer.fi/

Platform Comparisons

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

© DeFinda 2022