Balancer is a market maker on Ethereum, which is an exchange for trading ERC20 tokens without an order book. Balancer works similarly to other decentralized exchanges (DEX), such as Uniswap (UNI) and Curve (CRV). It is also possible to combine up to eight tokens into pools.

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Chris Burniske

RT @t__norm: @cburniske @Balancer Balancer is also dominating L2 w/ Lido and BAL incentives. Largest holder of wstETH on Arbitrum. 

50% of…

@cburniske @Balancer Balancer is also dominating L2 w/ Lido and BAL incentives. Largest holder of wstETH on Arbitrum. 

50% of the wstETH on Arbitrum is in LPs: Curve (20%) and Balancer (30%).