DeFi on TokenPocket | Introducing the Balancer

TokenPocket
Jul 22 · 2 min read
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Author: TokenPocket team
Translator: Jade

What’s Balancer

Another way to view Balancer is as an inverse ETF (Exchange Traded Fund): instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who continuously rebalance your portfolio by following arbitrage opportunities.

Based on Constant Product Algorithm, Automated market makers requires high liquidity to achieve low slippage trading for users, which is regarded as a natural shortcoming comparing to the Order Book mechanism.

How to Use Balancer in TokenPocket

Select the token and amount you want to sell and buy (We use ETH and BAL here respectively for demonstration). By tapping on the exchange rate (1ETH=26.2114BAL), you can see the Balancer Pools used to optimize your order.

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Notes: that Ethereum is a bit congested recently and requires a higher Gas fee to verify the transaction.

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You can see the full available tokens by tapping the default token logo in [Token to sell] and [Token to Buy] button.


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TokenPocket

Written by

A leading multi-blockchain wallet based on #EOS #BTC #ETH #TRON #IOST, and etc. Play dapps, trading coins and financing in https://www.tokenpocket.pro

TokenPocket

Written by

A leading multi-blockchain wallet based on #EOS #BTC #ETH #TRON #IOST, and etc. Play dapps, trading coins and financing in https://www.tokenpocket.pro

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