Balancer introduces stable pools for similar swaps
Balancer, a popular automated market maker for cryptocurrencies, has introduced a new log feature designed to lower fees and improve transaction execution for similar Waps.
Fernando Martinelli, Co-Founder and CEO of Balancer Labs, wrote: As a result, teams are increasing capital efficiency for similar swaps, providing traders with spreads, tighter variances and less slippage. Meanwhile, liquidity providers have the opportunity to generate competitive profits.
Martinelli explains that unlike traditional weighted pools, all tokens in Balancer’s stable pools are contained in a single vault:
“On Balancer, a trader can carry out routing transactions across both pools at the same time, whereby the gas costs are very low compared to transactions that run over Curve and Uniswap, for example.”
With the introduction of stable pools, Balancer now has at least three different types of pools – the other two are weighted pools and the Element Finance integration launched in April this year.
Balancer Labs has raised tens of millions of dollars from venture funds seeking long-term exposure to the decentralized financial markets, or DeFi. Well-known VC investors in the Balancer include Three Arrows Capital, Blockchain Capital, LongHash Ventures, and Fenbushi Capital.
Connected: VCs are backing balancers with a $ 24.25 million investment
As reported by Cointelegraph, Balancer released version 2 of the protocol in May of this year, which promises faster speeds and improved liquidity. The upgrade led to a significant reduction in gas costs, especially for internal balance sheets.
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Author
Blockchain
Balancer introduces stable pools for similar swaps
Balancer, a popular automated market maker for cryptocurrencies, has introduced a new log feature designed to lower fees and improve transaction execution for similar Waps.
Fernando Martinelli, Co-Founder and CEO of Balancer Labs, wrote: As a result, teams are increasing capital efficiency for similar swaps, providing traders with spreads, tighter variances and less slippage. Meanwhile, liquidity providers have the opportunity to generate competitive profits.
Martinelli explains that unlike traditional weighted pools, all tokens in Balancer’s stable pools are contained in a single vault:
“On Balancer, a trader can carry out routing transactions across both pools at the same time, whereby the gas costs are very low compared to transactions that run over Curve and Uniswap, for example.”
With the introduction of stable pools, Balancer now has at least three different types of pools – the other two are weighted pools and the Element Finance integration launched in April this year.
Balancer Labs has raised tens of millions of dollars from venture funds seeking long-term exposure to the decentralized financial markets, or DeFi. Well-known VC investors in the Balancer include Three Arrows Capital, Blockchain Capital, LongHash Ventures, and Fenbushi Capital.
Connected: VCs are backing balancers with a $ 24.25 million investment
As reported by Cointelegraph, Balancer released version 2 of the protocol in May of this year, which promises faster speeds and improved liquidity. The upgrade led to a significant reduction in gas costs, especially for internal balance sheets.
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