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Balancer Deploys on Avalanche To Fuel Liquid Staking Growth

Twitter icon  •  Published il y a 8 mois  •  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 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.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.