Balancer is currently trading at $ 0.1324, with a 24-hour trading volume of $ 1,254. Over the past hour, the price of Balancer changed by -0.82%, and over the past week, its value in USD dropped by -4.26%. The circulating supply of Balancer is 69,788,917 BAL, with a market cap of 9.31M USD, down -0.82% in the last 24 hours. Balancer is ranked #1008 by market cap.
A Balancer Pool is an automated market maker with certain key properties that cause it to function as a self-balancing weighted portfolio and price sensor.
Balancer turns the concept of an index fund on its head: instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio by following arbitrage opportunities.
Balancer is based on a particular N-dimensional surface which defines a cost function for the exchange of any pair of tokens held in a Balancer Pool. This approach was first described by V. Buterin , generalized by Alan Lu , and proven viable for market making by the popular Uniswap dapp.
Balancer independently arrived at the same surface definition by starting with the requirement that any trade must maintain a constant proportion of value in each asset of the portfolio. We applied an invariant-based modeling approach described by Zargham et al to construct this solution. We will prove that these constant-value market makers have this property.