Balancer is live on Polygon
Balancer protocol enables users to earn trading fees by providing liquidity to various trading pools. Trading pools are basically multiple places where the liquidity can be chipped in by the users. Balancer uses a combination of multiple crypto assets which enables liquidity providers(LPs) to benefit from a variety of fund pools.
Polygon’s full-stack scaling is set to provide opportunities for users to benefit from faster transactions and lower gas prices.
About Balancer
Balancer Protocol allows for automated portfolio management and providing liquidity, turning the concept of an index fund on its head: instead of paying fees to portfolio managers, you collect fees from traders who rebalance your portfolio by following arbitrage opportunities. Developers leverage Balancer as a permissionless building block to innovate freely and create new treasury management systems. Balancer Lab’s mission is to become the primary source of DeFi liquidity by providing the most flexible and powerful platform for asset management and decentralized exchange.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, 350M+ txns, and ~13.5M+ distinct users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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