balancer

A piece of software called Balancer, which runs on Ethereum, aims to motivate a distributed computer network to run an exchange where users can purchase and sell any coin. The balancer is a newly developed decentralized finance (Defi) protocol that enables trading without the necessity of a middleman like an exchange by utilizing a variety of crypto assets. The founders of Balancer are Fernando Martinelli and Mike McDonald and it is located in Lisbon, Lisboa, Portugal. Balancer functions as a price sensor, liquidity supplier, and non-custodial portfolio manager. A protocol developed by Balancer consists of various public and private liquidity pools. The platform provides non-custodial cryptocurrency users with portfolio management options. It offers tools and sensors to make it easier to estimate digital asset prices and liquidity. supports a variety of digital currencies, such as Wrapped Bitcoin, Golem, and Dai. Throughout 3 rounds, Balancer Labs has raised a total of $32.3M in investment. Their most recent funding came from a Venture-Series Unknown round, which was raised on May 27, 2021. 14 investors are helping to support Balancer Labs. Most recently, Kain Warwick and Fenbushi Capital have invested.