Balancer to Hold AMA on X on July 24th

Balancer will host a live stream on X on July 24 at 1 PM UTC, introducing reCLAMMs — a new approach to concentrated liquidity. The session will feature speakers from Balancer and partners, discussing how reCLAMMs can automate liquidity strategies and enhance capital efficiency.

BAL Info

Balancer is an automated market maker (AMM) developed on the Ethereum blockchain, launched in March 2020. It functions as a self-balancing weighted portfolio, price sensor, and liquidity provider. The platform allows users to earn profits by contributing to customizable liquidity pools. Balancer facilitates the creation of pools of tokens, which auto-adjust to maintain equal weightings irrespective of price changes.

The protocol offers different types of pools: private pools, which are fully controlled by the owner; shared pools, where liquidity providers earn Balancer Pool Tokens (BPTs); and smart pools, controlled by smart contracts, which also issue BPTs. Balancer stands out by allowing up to eight assets per market, weighted by percentage, and automatically rebalanced, providing unique liquidity and arbitrage opportunities.

Balancer launched its governance token, BAL to decentralize control and incentivize liquidity providers. Of the total 100 million BAL tokens, 25 million were reserved for the team and stakeholders, 5 million for the Balancer Ecosystem Fund, and another 5 million for fundraising. Liquidity providers mine the remaining tokens at a rate of 145,000 per week, with a projected distribution timeline of approximately 8.6 years.