A decentralized liquidity protocol (BAL) balancer goes beyond Ethereum (ETH): its tools are now powered by Polygon (MATIC).
Balancer (BAL), a decentralized cryptocurrency exchange powered by an automated market maker, is expanding to the L2 polygon solutions.
According to the official announcement of the Balancer team (BAL), Reducing fees was a major motivator behind bringing Balancer to Polygon (MATIC).
Polygon Team Said on Twitter:
“BalancerLabs is live on Polygo. Balancer, a leading Defi protocol provides liquidity, price sensitivity and automatic portfolio management services.
BalancerLabs is a yield generating portfolio management and decentralized trading platform that will impact the traditional way of trading. Balancer can act as your super-prudent portfolio manager to give the best out of the available trades.
BalancerLabs is one of the emerging and leading DeFi protocol, set to bring novelty in decentralized trading space by optimizing the gas price, thus boosting the overall take-away!”
1/3 ? @BalancerLabs is live on Polygon!
? Balancer, a leading #Defi protocol provides liquidity, price sensitivity and automatic portfolio management services
? Learn more: https://t.co/AtQEvBEDMu
? Check out: https://t.co/aAaRxE5sJz pic.twitter.com/WOWUPtLH4u
— Polygon (@0xPolygon) July 1, 2021
Co-founder of Polygon (MATIC), Sandeep Nailwal said:
“We’re extremely thrilled to have Balancer launch on Polygon. We’re sure the Polygon community will enjoy utilizing Balancer with near-zero fees and superior user experience”
Balancer Labs CEO & Co-Founder, Fernando Martinelli said:
“Polygon has become one of the preferred L2’s for Ethereum. We have noticed the amount of traction that Polygon has been getting and the transaction experience that it provides and Balancer wants that experience for our community and users. Polygon will enhance Balancer’s ability to scale to more L2’s.”