Balancer Protocol explained by Zild

What is Balancer?

How it differs from Uniswap

Source: Token Terminal
  • Providing liquidity: Users can deposit supported assets into pools, providing liquidity to users of the pool. Those that deposit assets can earn a fee, though due to volatility and other factors, there are cases where liquidity providers can lose some of their assets.
  • Trading: Users can trade tokens in a decentralized manner through pools, with Balancer’s smart order routing system ensuring the exchange of cryptocurrency at low fees and at quick speeds.

What is BAL?

  • Users identify an issue when using the protocol and share observations online.
  • Users narrow down the best ways to address the issue via public forums.
  • Users create and present a technical specification of a solution to the issue.
  • It’s presented to the community, then voted on.
  • If the proposal gets a majority of votes and/or reaches a certain threshold, it is implemented.
  • Zild token is the governance token of the project, the holders of which will make decisions regarding the development of the project and profit
    from the token’s appreciation. Zild tokens will be listed at various exchanges.
  • Yild token is a synthetic token needed to facilitate communication. It serves as a kind of IOU that users receive when they send their funds to the liquidity pool.
  • Xild is a reputation token. Such tokens are credited for timely loan repayments, regular provision of the liquidity and other behavior, which is predictable and beneficial for the community. With Xild tokens, users can reduce the amount of the collateral. Xild tokens cannot be transferred to another user or resold.

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Zild Finance

Zild Finance

Protocol of mutual decentralized wealth