Home Coins Ethereum (ETH) DeFi protocol Balancer will find a second home on the NEAR Protocol

DeFi protocol Balancer will find a second home on the NEAR Protocol


Major Ethereum-based decentralized finance (DeFi) protocol Balancer will also be available via NEAR, an Ethereum competitor that just fully opened its mainnet last week. The team behind the smart contract platform, which promises reduced latency and fees compared with Ethereum, announced the news on Monday. 

Balancer is an automated market maker that provides users with financial building blocks on which users can build DeFi products and services. Developed by Balancer Labs, the protocol is the third-largest decentralized exchange (DEX) on Ethereum by monthly volume.

Balancer Labs’s head of growth Jeremy Musighi said the team will continue to focus on Ethereum-based development in addition to its NEAR-focused work.

“We welcome the opportunity to support building on-chain liquidity on NEAR, while observing and learning from how Balancer’s technology performs when paired with the lower gas fees and low latency that the NEAR protocol offers,” he said. 

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
472FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,554FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.20
GBP
1.33
CHF
1.10
NOK
0.11
JPY
0.01
CAD
0.77
AUD
0.74

Most Popular

Yield farming is a fad, but DeFi promises to change the way we interact with money

As the COVID-19 outbreak wreaks havoc on the United States’ economy and abroad, investors grapple with a second economic downturn in just over...

Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin

An SEC filing on Friday indicates that the next Wall Street institution to take a public position in Bitcoin may also be among the...
bitcoin
Bitcoin (BTC) $ 18,127.21
ethereum
Ethereum (ETH) $ 551.98
ripple
XRP (XRP) $ 0.623754
tether
Tether (USDT) $ 0.999122
bitcoin-cash
Bitcoin Cash (BCH) $ 280.03
bitcoin-cash-sv
Bitcoin SV (BSV) $ 167.74
litecoin
Litecoin (LTC) $ 76.19
eos
EOS (EOS) $ 3.01
binancecoin
Binance Coin (BNB) $ 29.73
okb
OKB (OKB) $ 5.33
tezos
Tezos (XTZ) $ 2.38
leo-token
LEO Token (LEO) $ 1.34
cardano
Cardano (ADA) $ 0.162297
monero
Monero (XMR) $ 123.71
stellar
Stellar (XLM) $ 0.195883
chainlink
Chainlink (LINK) $ 13.27
huobi-token
Huobi Token (HT) $ 4.08
tron
TRON (TRX) $ 0.030869
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 110.36
neo
NEO (NEO) $ 17.55
iota
IOTA (MIOTA) $ 0.349988
nem
NEM (XEM) $ 0.178213
zcash
Zcash (ZEC) $ 74.91
maker
Maker (MKR) $ 538.67
paxos-standard
Paxos Standard (PAX) $ 1.01
ethereum-classic
Ethereum Classic (ETC) $ 6.33
vechain
VeChain (VET) $ 0.015674
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 4.20
kucoin-shares
KuCoin Shares (KCS) $ 0.794516
waves
Waves (WAVES) $ 6.66