Balancer Joins Polygon’s Summer of DeFi with $10 Million in Joint Token Incentives.
Balancer Protocol has launched support on the Layer 2 solution Polygon to reduce gas costs. Polygon (MATIC) has seen strong user adoption this year with major DeFi projects like Aave, SushiSwap, and Curve deploying there. The time has come for Balancer to join the party.
With near-zero fees to make a trade, unique experimentation for pools becomes possible. When gas fees are high, it can be cost-prohibitive to create, join, or exit pools. Furthermore, aggregating liquidity across several uniquely composed pools is impractical due to the extra gas required for each included pool. But on Polygon, those costs are driven toward zero, and the unique value proposition of Balancer as the ultimate flexible AMM is more easily realized.
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.
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