What is Balancer?
Balancer protocol is created for programmable liquidity, where project offers non-custodial portfolio manager, price sensor and liquidity provider. Balancer is based on n-dimensional surface that define cost of function any token exchange held on balancer pool. This vision is firstly mentioned by Ethereum Founder V. Buterin. The Balancer pool work as automated market maker with the key feature of automatic balancing weighted portfolio and price sensor.
Balancer officially launched mainet in march 2020 as project official announced in September 2019. So, project almost takes more than 6 months in development that include contract, interfaces and libraries. In they also focusing on bug bounty for user during development phase. The Balancer deployment is created on main component i.e. Core Contracts, Exchange Dapp and Pool management Dapp and smart order Router. This key feature enables optimization trade across all pool, add and remove liquidity, swapping of two tokens. The
From June 2020, Balancer rewards BAL token for active token liquidity provider, however, Token distribution was started in July month. However, the BAL token can be earned by decentralized Finance and work as second governance token on Balancer Ecosystem. Token Holder can participant in future development of project.
Balancer Price Prediction
|Month & Year||BAL Price Prediction|
|Based on||Liquidity for DeFi|
|All-time high||$22.73 USD|
|Exchange Platform||Binance, MXC, OKEx, FTX, BKEX, Poloniex, Lbank, Hoo, Bibox, Bilaxy, Hotbit, IDEX, Switcheo Network, Uniswap v2, BiKi.|
BAL ICO Overview
There is no ICO held by Balancer.
|Date of ICO||NA|
Balancer Price Analysis
Successor of Compound in liquidity provider and Decentralized Finance platform, Balancer is very close to launch DeFi Protocol and during seed round the project raised by $3 million worth. As per the CoinMarketCap BAL listed with average price $19.56 USD and then started fluctuating. However, because of having Ethereum’s DeFi Project and number active liquidity provider it manages to enter into top 100 largest crypto list in less time.
How much BAL Worth in 5 year?
May be crossing $70 USD mark.
Can BAL Reach $100 USD?
Probably in 6 to 7 years.
How much Balancer Worth in 2030?
expected to cross $200 USD mark.
is Balancer a Good Investor?
Yes, be a Liquidity provider to earn reward.
The automatic market maker is work on defined rules of trades that will be useful for user manage and create liquidity, however Balancer is not fully decentralized. Balancer believes their network should be thrustless and it is not depended on any admin control, upgradeability or shutdown. The Balancer not following traditional fee structure where portfolio manager gets payed for their work. But user can earn rewards by contributing in universal liquidity pool.