Balancer launches stable pools for like-kind swaps
The new feature allows traders to tap into pools of assets that trade at similar price levels. Balancer claims to be the first automated market maker to offer stable pools. Balancer, a popular automated market maker for cryptocurrencies, has launched a new protocol feature designed to lower fees and improve the trading execution for like-kind waps.Stable pools “are designed specifically for assets that trade at a similar price,” wrote Fernando Martinelli, the co-founder and CEO of Balancer Labs. As such, the pools increase capital efficiency for like-kind swaps, thereby offering traders....
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The company said that they intend for these pools to increase liquidity on hard-pegged assets. AMM DeFi protocol Balancer announced Monday that it had partnered with DAO-based staking platform Lido to introduce a MetaStable Pool incentive program.MetaStable Pools are liquidity pools specifically designed to work with highly correlated (but not hard-pegged) tokens, like wrapped assets. Users will be able to create swaps between MetaStable pools and assets integrated with other liquidity pools, while benefiting from cheaper swap prices and eliminating the need for individual swap-specific....
Balancer, a decentralized finance (DeFi) protocol operating on the Ethereum blockchain, has recently disclosed a critical vulnerability impacting several of their V2 Pools. While emergency measures have been implemented successfully to safeguard a significant portion of Total Value Locked (TVL), a portion of funds remains at risk. As a precautionary measure, Balancer Labs advises users to withdraw their affected Liquidity Provider (LP) funds without delay. It is important to note that, at present, no funds have been lost, and the vulnerability has not been exploited. Related Reading:....
Balancer, a prominent decentralized finance (DeFi) liquidity protocol, finds itself in the spotlight following an alarming exploit driven by a critical vulnerability discovered in its v2 pools just last week. The incident has sent shockwaves throughout the DeFi community, shedding light on the persistent challenges faced by platforms operating in this rapidly evolving landscape. The […]
In a disheartening turn of events, the decentralized finance (DeFi) protocol Balancer (BAL) confirmed a hack just days after warning about a critical vulnerability impacting multiple Pools. The attack, which took place on August 27, resulted in a loss of nearly $1 million for Balancer. Previously, on August 22, NewsBTC reported that Balancer had discovered a critical vulnerability affecting its protocol. However, despite efforts to mitigate the risks and caution users, Balancer could not pause the affected pools. In response, the protocol urged users to withdraw from the impacted liquidity....
The team is awaiting community input to determine the parameters of V2's liquidity mining Automated market maker Balancer announced today a widely-anticipated second version of its decentralized exchange protocol, featuring a host of upgrades centered on “security, flexibility, capital efficiency and gas efficiency" — but yield farmers are left wondering about the all-important liquidity mining details, which are still in development. “The main architectural change between Balancer V1 and Balancer V2 is the transition to a single vault that holds and manages all the assets added by all....