- Token: BAL
- Category: DEX
- Market cap: $172.7m
- TVL: $919b
Balancer (BAL) is one of the oldest DeFi platforms. Unlike other DEXs, it acts as an index fund, hosting pools made up of multiple tokens – as many as eight. The pools automatically adjust asset allocations to keep a desired balance amid price fluctuations.
The protocol, which operates on Ethereum and six other chains, offers public, private, and smart pools to match different preferences and risk levels.
BestDeFi Lending Projects
DeFi lending platforms connect lenders and borrowers, who interact in a non-custodial manner. Lenders can provide liquidity to earn interest, with the APY ranging from 0.1% to 15% and more. Elsewhere, borrowers can access crypto funds with no credit history and KYC requirements.
Here are the best DeFi lending protocols:
