Binance exchange lists Balancer (BAL)
Binance will list Balancer (BAL) and open trading for BAL/BNB, BAL/BTC and BAL/BUSD trading pairs at 2020/08/06 2:00 PM (UTC).
— Binance (@binance) August 6, 2020
Balancer is a n-dimensional automated market-maker built on Ethereum. It allows anyone to create or add liquidity to customizable pools and earn trading fees. Instead of the traditional constant product AMM model, Balancer’s formula is a generalization that allows any number of tokens in any weights or trading fees. Another way to view Balancer is as an inverse ETF: instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who continuously rebalance your portfolio by following arbitrage opportunities.
Balancer was launched in March 2020 and has been audited by Trail of Bits. Balancer recently introduced its native governance tokens called BAL which are distributed to liquidity providers through a process called liquidity mining.
As AZCoin News reported on June 29, The Balancer automated market maker protocol has been hacked for over $ 500,000 in an Ether transaction.
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