Protocol Overview

Balancer is an automated market maker (AMM) and smart liquidity layer that allows creators to design pools with custom token weights. Pools automatically rebalance to maintain target allocations while collecting swap fees for liquidity providers.

$2.4B
Total Value Locked (TVL)
120K+
Active LPs & Traders
8
Networks & L2s

Key Features

  • Custom Multi-Token Pools — designers choose weights and fee structures.
  • Automated Rebalancing — pools self-correct as market prices move.
  • Efficient Routing — intelligent pathing minimizes slippage for swaps.
  • Governance — BAL token holders vote on incentives and upgrades.

These elements combine to provide capital-efficient liquidity and flexible on-chain portfolio management for both retail and institutional DeFi users.

How It Works

Liquidity providers deposit tokens into pools. Automated smart contracts maintain target weights and distribute swap fees proportionally. Traders interact directly via wallet-based swaps or through aggregators that route orders across pools to find the best price.

Use Cases

Balancer supports portfolio managers, token issuers, and passive investors. Common use cases include automated index funds, concentrated liquidity strategies, and stablecoin pools with minimized impermanent loss.

Integration: Builders can use Balancer SDKs and subgraphs to index pools, create custom dashboards, and plug liquidity into DeFi stacks.

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