Informations

7.08

USD

Rank #154


WebSite : Balancer.finance
Whitepaper : Docs.balancer.finance
Domain Age : Registered over 4 years ago

  • 24 hours

    2.56%

  • 30 days

    27.46%

  • ATH

    -90.49%

Balancer Ratings Score

Last score update : 11 days ago

Balancer Price live today

Balancer (BAL) is currently trading at 7.08 USD and with a circulating supply of 39,221,982 BAL.
Its market capitalization is 277,785,737 USD.
BAL price has moved 2.56% in the last 24 hours, with 10,631,683 USD worth of BAL traded on various exchanges.
Balancer currently ranks #154 in cryptocurrency rankings based on market capitalization.

About Balancer (BAL)

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.