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Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor
Generalized AMM
Customizable number of assets and weights within a pool
Global Liquidity
Trade against all pools in the Balancer ecosystem for best price execution
Smart Pools
Pools controlled by smart contracts can implement any arbitrary trading strategy or logic
Easily swap ERC20 tokens
Exchange tokens without deposits, bids / asks, and order management. All on-chain.
Simulate Trades
Preview an expected trade price for two assets given existing liquidity and slippage.
Smart Order Routing
Trades are split through an SOR which performs an optimization across all pools for best price execution.
Unstoppable Interface
Frontends are open-source and will be made available through IPFS. Trade any tokens without need for whitelisting or approval.
Flexibility built into the base protocol
Up to 8 tokens. Any weights. And programmability through smart-contract owned pools.
Private pools where only you can add or remove liquidity
Dynamic swap fees to adjust based on the underlying volatility
Adjust weights continuously over time for dynamic strategies
Earn trading fees on top of cDai in a rebalancing smart pool
Join a multi-token pool with a single asset
Use Balancer Pool Tokens within new pools for liquidity exposure
Frequently asked questions
What is an AMM?
An AMM, or Automated Market Maker is a general term that defines an algorithm for creating and managing liquidity. Learn More
What is the difference between Balancer and other AMMs?
Many existing AMMs use a constant product (x * y = k) formula. Balancer generalizes this using a constant mean $V = \prod_{t}B_t^{W_t}$ formula which allows for more than 2 assets and weights outside 50/50. Learn More
What are fees on a pool?
Balancer pools charge a percentage of the input amount traded for each trade. The fee is customizable per pool and goes entirely to the pool liquidity providers.
Is Balancer decentralized?
Balancer makes every effort to be as trustless as possible. There are no admin controls, upgradeability, or shutdowns built into the smart contracts.
What is Balancer useful for?
Instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio. You can earn returns by providing liquidity or as a trader swap between any assets in the global liquidity/
What are the risks?
Balancer is a very new protocol. Although we are taking every precaution and doing extensive audits, this is still very much a beta product. Use small amounts of funds to start