| General information | |
|---|---|
| Global rank: | 537 |
| Name: |
Balancer |
| Symbol: | BAL |
| Current coin price (LBP): | 49 156.99 £ |
| Last hour: | arrow_downward-0.110 % |
| Last 24 hours: | arrow_downward-0.630 % |
| Last 7 days: | 1.68 %trending_up |
| Capitalisation (LBP): | 3 377 033 130 546.11 £ |
| Volume 24h (LBP): | 181 499 955 885.30 £ |
| Available supply: | 68 698 935.00 BAL |
| Total coin supply: | 35 435 000.00 BAL |
| Algorithm: | ETH Token |
| Start date: | 20/06/2020 |
Balancer/Lebanese Pound (BAL/LBP) price chart
Balancer/Lebanese Pound (BAL/LBP) capitalisation and volume charts
An AMM, or Automated Market Maker is a general term that defines an algorithm for creating and managing liquidity. Instead of paying fees to portfolio managers to rebalance the users' portfolio, they collect fees from traders, who rebalance their portfolio. Users can earn returns by providing liquidity or as a trader swap between any assets in the global liquidity pool.