Balancer Labs just announced the release of Balancer V2, an exciting upgrade for their Balancer V1 product according to a version released with CryptoSlate.
Features and changes
The V2 of the protocol is intended to address the challenges of flexibility, feasibility and liquidity in the world of decentralized financial markets using a “Protocol Vault ’for all balancer pool assets and a pImmissions-free, adaptable AMM logic (Automated Market Maker).
Other features include greatly improved gas efficiency, cApital efficiency through asset managers, lGas costs and resilient oracles, and cCommunity-regulated protocol fees.
Balancer V2 was a year in the works and comes with a much improved and usable interface for trade and liquidity provisions.
The front end seems to be exactly the same as V1, but under the hood there is a big difference: the back end transactions are carried out much more energy efficiently.
As such, trades are routed through the V1 protocol until sufficient liquidity is built, and then trades are routed through the V2 structure.
Become a baler on balancer
The platform interface for liquidity providers has been extensively redesigned to allow users to invest in liquidity pools with a variety of tokens. Liquidity providers can deploy funds in a variety of pools in return for BAL, Balancer’s native token.
With three pools available, users can get a fixed amount of BAL every week. This process is controlled by Ballers, the most active members of the protocol. Anyone can apply to be a baller.
Balancer Finance is an automated portfolio manager and trading platform based on the blockchain that enables users to collect fees directly from traders who are responsible for optimizing their portfolios.
AMM is an automated market maker (AMM) Protocol that uses self-learning algorithms to compute mathematical formulas in asset pricing.
The log can still be accessed via a variety of interfaces including 1 inch, Matcha for V2 & Zerion, Zapper, PieDAO and v2 partnerships have already been established with a number of leading projects, including Gnosis, Ocean Protocol and PowerPool to name a few.
According to the balancer“The main architectural change between Balancer V1 and Balancer V2 is the transition to a single vault that will store and manage all of the assets added by all Balancer pools.” Because pools are contracts that are outside of the vault, they can implement any custom AMM logic.
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