
The live price of Balancer is $0.126, with a total trading volume of $ 54,438 in the last 24 hours. The price of Balancer changed by +10.51% in the past day, and its USD value has increased by +6.77% over the last week. With a circulating supply of 69,788,917 bal, the market cap of Balancer is currently 8.73M USD, marking a +10.51% increase today. Balancer currently ranks #998 in 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.