Avalanche DEXs: Balancer
Notes
When providing liquidity into each Balancer's pool, users can choose to provide liquidity for either the pool tokens or a single token.
- Providing liquidity for pool tokens triggers a Multicall transaction that consists of a PoolBalanceChanged event. This event covers both funds entering and exiting each pool.
- On the other hand, providing liquidity for a single token results in a Batch Swap transaction similar to other swap transactions. However, within this transaction, users interact with the Balancer contract and the token attributed to the pool address.
Balancer, as its name suggests, relatively rebalances the ratio of the tokens within a pool, thus the amount of withdrawn tokens usually differs from the deposited ones. This might also be the reason that the amount of tokens shown within the pool page is different from the deposited/withdrawn tokens on-chain. The values in the following charts and table represent the net volume entered and exited each pool. The USD amounts were calculated using the average price of each token within the last 24 hours.
Balancer launched on Avalanche on August 1st focusing on the liquid-staked assets to offer users more flexibility in DeFi. Compared to a typical stable pool that DEXs implement for LSTs, Balancer's Composable Stable pools are programmatically tailored to ensure that the full power of Yield Bearing tokens flows to Liquidity providers.