Exchange tokens without deposits, bids / asks, and order management. All on-chain.
Balancer turns the concept of an index fund on its head: instead of a 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 an N-dimensional invariant surface which is a generalization of the constant product formula described by Vitalik Buterin and proven viable by the popular Uniswap dapp.
Is Balancer decentralized?
Balancer makes every effort to be as trustless as possible. There are no admin controls, upgradeability, or shutdowns built into the smart contracts.
What is Balancer useful for?
Instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio. You can earn returns by providing liquidity or as a trader swap between any assets in the global liquidity pool.
Simulate Trades
Preview an expected trade price for two assets given existing liquidity and slippage.
Smart Order Routing
Trades are split through an SOR which performs an optimization across all pools for best price execution.
Unstoppable Interface
Frontends are open-source and will be made available through IPFS. Trade any tokens without need for whitelisting or approval.
Flexibility built into the base protocol
Up to 8 tokens. Any weights. And programmability through smart-contract owned pools.
