We are proud to announce a new addition to our exchange: Balancer (BAL) has been added to the list of tradeable assets on Eterbase exchange and paired against EBASE, ETH, and USDT:
https://eterbase.exchange/markets/BALEBASE
https://eterbase.exchange/markets/BALETH
https://eterbase.exchange/markets/BALUSDT
What is Balancer?
Balancer is a protocol for programmable liquidity.
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[0], generalized by Alan Lu[1], and proven viable for market making by the popular Uniswap[2] 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. An invariant-based modeling approach is applied as described by Zargham et al[3] to construct this solution.
More information about Balancer can be found here.
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