Balancer protocol
Overview
Balancer is a decentralized exchange and automated market maker (AMM) protocol on Ethereum and other EVM-compatible chains. It allows users to create liquidity pools with up to eight tokens and arbitrary weighting. Balancer is used for swapping tokens, providing liquidity, and enabling programmable pool strategies through smart contracts.
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More on Balancer
- Balancer Review 2026 — Multi-Asset AMM, V3 Hooks, Cross-Chain Pools
- Is Balancer Safe in 2026? Audits, Hacks, Risk Score
Frequently asked questions
How do Balancer pools differ from a standard AMM?
They can contain up to eight tokens with arbitrary custom weights rather than an even two-token split, and they rebalance automatically as prices move.
What is BAL used for?
Protocol governance and pool incentives; governance participation uses veBAL, the vote-escrowed form of BAL.
What does 'programmable liquidity' mean here?
Balancer exposes its pool math as a configurable primitive other protocols can build on, rather than a single fixed swap product.
Related reading
- Balancer vs Orca (2026): Full Comparison
- Curve vs Balancer (2026): Full Comparison
- Raydium vs Balancer (2026): Full Comparison
- Uniswap V2 vs Balancer (2026): Full Comparison
- Uniswap V3 vs Balancer (2026): Full Comparison
- Uniswap V4 vs Balancer (2026): Full Comparison
Sources
Facts on this page were verified against the following sources.