Balancer Balancer

Stats

Current price
$50.42 (-2.36%)
Newscrypto Rating
7.0 / 10
Total Value Locked 24H
in USD 588.19M -3%
in ETH 0.78M -5.82%
20.24K -8.65%
ETH Locked 114.05M -10.64K
% Supply Locked 0.26%
Blockchain Ethereum
Most Locked ETH
Protocol Token None

Total value locked in Balancer

Project Overview

Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor The Balancer Protocol Governance Token (BAL) are distributed to Liquidity Providers of Balancer. BALs are a key way of decentralizing the governance of the protocol such that it can remain resilient over time, protected from the failure of any single stakeholder. The proposed amount of distributed BALs to liquidity providers is 145,000 per week, or approximately 7.5M per year. This means in the first year of BAL’s existence there would be 30% supply inflation off the initially allocated supply of 25M tokens. This high rate of supply inflation is meant to kickstart the distribution of governance rights of the protocol out to those who earn it.

Technical analysis

Technical Analysis in progress...

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