Balancer (BAL) Balancer is a protocol for programmable liquid | Crypto Great | Bitcoin | DeFi

Balancer (BAL)

Balancer is a protocol for programmable liquidity, and it’s the core building block of DeFi infrastructure and provides the most flexible and versatile Automated Market Maker. Last month, a historic proposal passed that initiated a friendly fork of Balancer’s products and infrastructure (via a smart contract fork).

This friendly fork introduced Hexagon Finance, a multi-functional platform focused on bringing Balancer’s unique liquidity infrastructure to the Avalanche community. This proposal was drafted by the Partnership subDAO and serves as a joint project between BalancerDAO, Ava Labs, and Terra Labs.

Balancer looks to benefit greatly from this strategic fork. It will bring more exposure to the Balancer ecosystem, but, more importantly, Hexagon Finance tokenomics will distribute 6% (or 6 million tokens) of the total Hexagon Finance token supply to BalancerDAO.

The future is bullish for Balancer, and it appears committed to partnering with quality projects to build a more robust ecosystem, and working to build what’s needed to bring 1 billion users to DeFi.