Balancer Protocol launches on the Optimism network

Balancer Protocol launches on the Optimism network
фото показано с : coinjournal.net

2022-6-3 16:50

Balancer Protocol seeks to reduce gas costs for both blockchain users and developers.

Balancer Protocol has officially launched on leading Ethereum Layer 2 scaling solution Optimism. The protocol is designed to significantly reduce gas costs and scale DeFi liquidity.

Balancer is a community-driven protocol, automated portfolio manager, liquidity provider, and price sensor that empowers decentralised exchange and the automated portfolio management of tokens on the Ethereum blockchain and other EVM compatible systems. 

Fernando Martinelli, Balancer Labs CEO & Co-Founder commented that;

“By launching on Optimism, Balancer is recognizing that it is a leading L2 solution. Its distinctive scalability, while inheriting Ethereum’s security, led to the recognition that it will enhance the user experience and propel growth. L2s show the promise of reducing transaction fees and network congestion, and we are excited to bring our technology to the Optimism ecosystem.” 

According to the press release shared with Coinjournal, the front end of the Optimism deployment will be handled by Beethoven X and Balancer Protocol. Beethoven X is a community-driven DEX and DeFi powerhouse on the Fantom network.

By working together, the two entities will put together a decentralised exchange (DEX) with the technical prowess and innovative capabilities required to become an important part of the Optimism ecosystem. 

Ben Jones – Chief Scientist at Optimism Foundation stated that;

“We are incredibly excited to see Balancer going live on Optimism. Balancer is an important DeFi building block and seeks to bring a more flexible trading experience to the ecosystem. Moreover, working with the excellent Balancer and BeethovenX teams represents an awesome chance to learn from decentralized governance ‘in the wild’–a journey that we recently began ourselves.” 

Optimism is known for supporting all decentralised applications on the Ethereum network by leveraging a technique known as optimistic rollups. The rollups work by assuming all transactions in the rollup are valid. Hence, increasing Ethereum’s transactions per second and drastically decreasing fees. 

The Ethereum network is known for its expensive transaction fees, growing network congestion, and inability to scale significantly. These drawbacks have negatively affected the growth of the Ethereum network. At the moment, Ethereum can only support around 30 transactions per second, resulting in the aforementioned issues. 

Balancer’s ability to slash gas costs, super-charge capital efficiency, and unlock arbitrage with zero-token starting capital combined with Optimism’s scaling solutions will help answer the demands of the fast-evolving DeFi environment.

The post Balancer Protocol launches on the Optimism network appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Balancer (BAL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $4.4735
Капитализация $0 Rank 99999
Цена в час новости $ 6.9877 (-100%)

balancer protocol launches network optimism developers coinjournal

balancer protocol → Результатов: 48


Фото:

DeFi Protocol Balancer has integrated With the WallStreetBets cryptocurrency app, should you invest in BAL?

Balancer BAL/USD is a popular automated market maker (AMM). It was initially built on Ethereum, where it introduced a self-balancing weighted portfolio protocol.   This protocol essentially allowed anyone to create or add crypto liquidity to customizable pools, where they could, in-turn earn trading fees as a result.

2021-9-10 16:41


Фото:

Balancer (BAL) Unveils MetaStable Pools, Partners with Lido (LDO) to Deepen ETH, stETH Liquidity

DeFi protocol Balancer (BAL) unveils MetaStable Pools, joins forces with Lido to deepen ether (ETH) and staked ether (stETH) liquidity. Balancer Launches MetaStable Pools Balancer, a leading decentralized finance (DeFi) platform recently announced its partnership with Ethereum staking solution Lido (LIDO) to launch MetaStable Pools with joint pool incentives.

2021-8-17 11:00


Фото:

DeFi Protocol Balancer (BAL) Unveils Capital-Efficient Stable Pools

Leading DeFi protocol Balancer (BAL) has launched capital-efficient stable pools on Balancer V2. Balancer V2 Introduces Stable Pools In a bid to stand out in the competitive decentralized finance (DeFi) landscape, Balancer today announced the launch of stable pools which makes the protocol the first AMM with at least three different type of pools –Read More

2021-7-8 18:35


Coinbase открыла резидентам Нью-Йорка доступ к DeFi-токенам

Криптовалютная биржа Coinbase разрешила резидентам штата Нью-Йорк осуществлять операции с рядом DeFi-токенов, в том числе Aave, Uniswap и yEarn. Finance. Aave (AAVE), Balancer (BAL), Band Protocol (BAND), Bancor (BNT), Compound (COMP), The Graph (GRT), Loopring (LRC), Maker (MKR), Ren (REN), Synthetix (SNX), Uniswap (UNI), Wrapped Bitcoin (WBTC) & https://t.

2021-3-2 13:06


DEX Balancer Raises $5 Million Ahead of its V2 Launch Next Month

DeFi protocol, Balancer, has secured an investment of $5 million from Three Arrows Capital and DeFiance Capital, both of which will be key strategic partners in its expansion in Asia. The popular DEX also has Pantera Capital and Alameda Research as its investors, which directly purchased BAL tokens from the Balancer Labs treasury, bringing its […] The post DEX Balancer Raises Million Ahead of its V2 Launch Next Month first appeared on BitcoinExchangeGuide.

2021-2-11 18:26


Фото:

Coinbase Reviewing 19 Crypto Assets for Listing, Including Wrapped Bitcoin and Paxos Gold

Crypto exchange Coinbase said Friday that it is reviewing 19 cryptocurrencies for possible listing. These new assets are: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch. ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, Theta, Uma, and Wrapped Bitcoin (WBTC).

2020-8-1 09:00


Биржа Coinbase изучает возможность листинга 19 цифровых активов

В своем блоге Coinbase опубликовала список этих активов в алфавитном порядке: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch. ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA, UMA и WBTC.

2020-8-1 19:10


Биржа Coinbase изучает возможность листинга 19 цифровых активов

В своем блоге Coinbase опубликовала список этих активов в алфавитном порядке: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch. ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA, UMA и WBTC.

2020-8-1 17:22