What is Balancer (BAL)?
Balancer (BAL) is a multi-token automated market maker (AMM) that was launched in 2020. It allows users to create or add liquidity to customizable pools and earn trading fees. BAL, the native governance token, enables holders to vote on protocol changes and decisions.
Balancer’s unique feature is its support for multiple tokens in liquidity pools with varying proportions, unlike traditional AMMs. This flexibility allows for the creation of more complex financial products and encourages deep liquidity. Balancer aims to serve as a key infrastructure for DeFi, offering novel ways for asset management and decentralized trading, thus enhancing the efficiency and inclusivity of financial services on the blockchain.
Balancer’s unique feature is its support for multiple tokens in liquidity pools with varying proportions, unlike traditional AMMs. This flexibility allows for the creation of more complex financial products and encourages deep liquidity. Balancer aims to serve as a key infrastructure for DeFi, offering novel ways for asset management and decentralized trading, thus enhancing the efficiency and inclusivity of financial services on the blockchain.
Why choose Rabbit Wallet for Balancer?
Whether you're a total crypto newbie or a seasoned pro, Rabbit Wallet's got your back for
handling your BAL with ease. Check out some cool features that make Rabbit stand out:
Exchange Balancer (BAL)
With the Rabbit's built-in coin swap feature, you can exchange your Balancer for
any other coin at the best rates without ever leaving the cozy confines of your
wallet.
Self-Custodial
With a self-custodial wallet, you control the keys to your Balancer, meaning that
nobody, not even Rabbit, can ever access your coins. This also leads to faster
transactions with no third-party fees except for miners and increased flexibility.
Optimal Fees
The unique fee calculation algorithms provide you with various options when
available, allowing you to choose the most optimal one to ensure your transaction is
confirmed both swiftly and cost-effectively.
User-Friendly
We've worked hard to make Rabbit Wallet user-friendly for everyone. Packed with
features, it suits users at all levels, and our developers respond directly when
help is needed.
How to use Rabbit Wallet?
Creating a new wallet takes just a few clicks, and requires no information from you.
Here is a short brief on how you can create your new wallet:
Here is a short brief on how you can create your new wallet:
Save your phrase
You will be given a phrase, which will act as a primary key to your wallet. Save it
securely.
Set your password
Password is required to both open your wallet, and to perform any transactions.
You are in!
Now you are all set to explore the crypto world! Welcome to freedom!
Friendly tip: Having your passphrase on a sticky note under a keyboard might not be the best way to
store it.