[ad_1]
Balancer, a popular Automatic market maker For cryptocurrencies, a new protocol feature was introduced to reduce fees and improve transaction execution for similar WAPs.
Fernando Martinelli, co-founder and CEO of Balancer Labs, wrote that stable pools are “designed for assets that trade at similar prices.” Therefore, these pools increase the capital efficiency of similar swaps, thereby providing traders with smaller spreads and lower slippage. At the same time, liquidity providers have the opportunity to obtain competitive income.
Martinelli explained that, unlike traditional weighted pools, all tokens in the Balancer stable pool are contained in a vault:
“On Balancer, traders can trade through two mining pools at the same time. Compared with trading through Curve and Uniswap, the increase in gas cost is very small.”
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 decentralized financial exposure, or Go to financial institution, Market. Some of Balancer’s most famous venture capital investors include Three Arrows Capital, Blockchain Capital, LongHash Ventures, and Fenbushi Capital.
related: VC invested USD 24.25 million to support Balancer
As Cointelegraph reported, Balancer launched version 2 of its protocol In May of this year, promised faster speed and better liquidity. The upgrade has resulted in a significant reduction in natural gas costs, especially the internal balance.
[ad_2]
Source link
