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ABOUT Balancer
Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor
The Balancer Protocol Governance Token (BAL) are distributed to Liquidity Providers of Balancer. BALs are a key way of decentralizing the governance of the protocol such that it can remain resilient over time, protected from the failure of any single stakeholder.
The proposed amount of distributed BALs to liquidity providers is 145,000 per week, or approximately 7.5M per year. This means in the first year of BAL’s existence there would be 30% supply inflation off the initially allocated supply of 25M tokens. This high rate of supply inflation is meant to kickstart the distribution of governance rights of the protocol out to those who earn it.
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CRYPTO INFO
Ethereum Holders: 45414
Polygon Holders: 35365
Arbitrum Holders: 18417
FD Market Cap: $310.84 Mil
Avail Supply: 46165000
Total Supply: 46165000
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EXCHANGE PRICES
Binance: $6.72 Coinbase: $6.74 Chainlink: $0
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Todays launch marks the first time an Ethereum Virtual Machine compatible ZK Rollup has hit mainnet. Uniswap, Sushi Balancer, Maker and Curve are among the DApps scaling up using zkSync Era.