Balancer DeFi Liquidity Protocol | Balancer Crypto Exchange

Existing crypto traders always keep on finding out new ways to improve their portfolio and make something greater out of it. Whether you are just an investor or a crypto trader, you will eventually need to make sure that your investments are not lying comfortably in your wallet or account, but working for your benefit. 

Hence, if you are also willing to do so, then you'll be glad to know that there is one platform that could help you achieve your goals and aid you in your professional crypto trading journey. Yes, we are talking about Balancer and going to discuss the ins and outs of this platform in a comprehensive manner. 

So, stay tuned to learn more about it. 

If you are planning to use this platform from the scratch, then you surely need to understand what this platform is and how is it going to help you in the long run. In short, it would not be wrong to say that Balancer is a Dex (Decentralized exchange) that is completely based on the Automated Market Maker (AMM) protocol and came into existence in the year 2019. The working model of this platform has been designed in such a manner that it helps both the traders as well as the investors. If you think that Balancer is a basic crypto trading platform, then the answer is- No, it is not. 

Along with basic crypto swapping, the platform can also be used for investing assets, rebalancing portfolios, and earning profits. But, there is definitely one important thing to note about this platform i.e. it supports three different crypto networks:

• Ethereum 

• Polygon 

• Arbitrum 

That's not all, the platform has a great amount of liquidity which is estimated to be nearly 3.5 billion USD which ultimately makes it an ideal place for traders to get the best deals on tradable assets. And guess what, Balancer users are given complete authority over their crypto assets. 

Now, that you have got a clear picture of what Balancer is, please note that the platform is built for crypto traders who are just beginners along with those who have excelled in this field. But, apart from the explanation given above, there are several other reasons why people choose to go ahead with this platform despite the availability of several other platforms:

• The platform's layout is really simple and beginner-friendly 

• You'll be glad to know that Balancer supports several multi-asset liquidity pools 

• In addition to this, the platform also supports the customized creation of liquidity pools 

• If you join a liquidity pool, you will become eligible for earning great APR rewards 

• Also, connecting your wallets through this platform is a quick and easy process 

• And yes, users are given the service to rebalance their portfolio using the free automated tool 

• Not just that, if you have created a token yourself, you can also use this platform to launch it 

The balancer can easily be used on a desktop or through a web browser by using its Invest and Trade applications. Users who have just been introduced to the Ethereum blockchain but have not set up an ETH wallet already need to do it in order to get started with the platform. For example, you can set up a MetaMask wallet so that you can use it to store your crypto assets, view your balance whenever you want, and keep a check on your transaction history. 

Not just that, the wallet will also come in handy when you wish to execute the transactions or connect the applications to Balancer. And once you have set up your wallet, you can proceed further to start trading on Balancer within V1 pools. 

On the other hand, if you have done that already, you can shift your liquidity to V2 pools as and when needed. With that learned, it is time now to understand, how you start to trade with Balancer without any difficulty. 

Trading on Balancer is pretty simple and does not require much effort on the part of users. The platform has easy-to-use tools for investments and withdrawals. Also, users do not find it difficult to locate the tokens on their layout. If you wish to know the procedure to make the withdrawals through this platform, then they can follow the given procedure to do the same: 

1. The first thing that users need to do is connect their Ethereum wallet to the platform 

2. To do so, you can go to its official website viz. https://balancer.fi/ 

3. Here, you can click on the "Explore Pools" button to proceed 

4. After that, select the "Connect wallet" option and choose among MetaMask, WalletConnect, Tally, and Coinbase wallet 

5. Now decide on the pool through which they wish to make the withdrawal 

6. After this, they need to choose the amount that they wish to withdraw 

7. Now, they need to verify the withdrawal fee (which is returnable most of the time) 

8. And, the confirmation of the transaction is done

Does Balancer have a mobile app?

Unfortunately, you'll feel bad to know that Balancer does not have a mobile application. Neither for Android devices nor for iOS devices. This simply hints towards the fact that the Balancer can only be used through its official website or the desktop client. 

To summarize the topic, I would say that if you are a crypto trader or investor and wish to put your assets to work, then this is a great place to get crypto stability. In case you still find it difficult to understand, I suggest you navigate to their official platform, connect your wallet with it, and add your crypto assets to one of the liquidity pools and you'll soon start to notice the difference.