Hassan Maishera
The Avalanche Foundation announced via a blog post on Tuesday that Balancer, a decentralized automated market maker (AMM) with over $1B in total value locked, has deployed on the Avalanche blockchain.
The move is designed to fuel liquid staking growth on Avalanche and to give participants new DeFi possibilities. Furthermore, Balancer will partner with four key Avalanche LST protocols, giving the Avalanche Liquid Staked Token (LSTs) market a place to unite under one hood.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is up by 1% so far today and currently trades at $12.77 per coin.
