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Balancer
DEX / AMM$BALTVL: $1B+

Balancer

About Balancer

Balancer is a flexible AMM that supports multi-asset pools with customisable weightings (not just 50/50). This allows index-like funds, portfolio rebalancing, and innovative pool designs. Balancer V2 introduced a single vault architecture for capital efficiency. The protocol powers many of DeFi's most complex liquidity strategies.

Key Features

  • Multi-asset weighted pools (up to 8 tokens)
  • Stable pools
  • Boosted pools
  • Single vault architecture
  • Flash swaps
  • Protocol fee distribution
  • veBAL governance
  • Composable pool designs

Risks

  • Complex pool dynamics
  • Smart contract risk
  • Impermanent loss in weighted pools
  • LP concentration risks
  • Governance complexity