Balancer (BAL) Balancer has been focusing on helping to build | Crypto Great | Bitcoin | DeFi

Balancer (BAL)

Balancer has been focusing on helping to build a multi-chain crypto ecosystem that allows protocols to benefit each other.

To fast track the goal, Balancer deposited 40,000 BAL towards the Ethereum–Optimism bridge liquidity on Multichain. Multichain, previously known as Anyswap, is a cross blockchain router protocol designed to allow users to swap and exchange digital tokens.

With the liquidity now deposited, users are able to bridge, buy and sell the BAL token on the Optimism network.

On August 4, the community reached out to Multichain to add Polygon & Arbitrum support to its router, which is now operational. It just needs to be seeded with BAL liquidity, and users can start bridging.

With Multichain’s support, a proposal was immediately put together and passed on August 7. Balancer will allocate 20,000 BAL for both the Polygon bridge and Arbitrum bridge. This will drive more adoption for Polygon & Arbitrum, and is expected to increase demand in bridging BAL between networks.