What is Balancer Protocol? Everything You Need to Know

-Balancer is a decentralized Ethereum-based exchange and one of the leading automated market makers (AMMs) in the cryptocurrency world.

-Balancer allows users to trade at optimal prices by pooling crowdsourced liquidity from investor portfolios while using its Smart Order Routing feature to find the best prices for traders.

-The Balancer Exchange is only available for ERC-20 tokens.

-The Balancer Protocol offers two major types of pools: Public Pools and Private Pools.

-The Vault is Balancers central component which controls and stores all tokens in each Balancer pool.

-The Smart Order Router (SOR) helps Balancer traders find the best pricing possible.

-The Balancer Gnosis Partnership (BGP) employs Gnosis Solvers and the Balancer Vault to carry out trades in batches.

-Balancer doesnt have a mobile app available but its web app is accessible on mobile phones and desktop computers.

-The Balancer protocol has no admin keys or backdoors, making it a fully trustless one where users cant upgrade Balancer pools.