B4Bit

2023/01/29 08:38

Balancer Gnosis Partnership (BGP)

The Vault
The vault is Balancer’s central component. It is a smart contract that controls and stores all tokens in each Balancer pool. In addition to being an important part of the ecosystem, the vault serves as a gateway through which users carry out most operations like joins, swaps, and exits.

Token management and accounting are separated from the pool logic in the Vault. Balancer claims Pool contracts become easier since they don’t need to manage assets actively and only compute exits, swaps and joins. 

Smart Order Router (SOR)
Balancer’s Smart Order Router helps its traders find the best pricing possible. It identifies the best trades for a specific set of output and input tokens if they are a straight swap in one pool or a mix of transactions across several pools.

The Smart Order Router increases with the expansion of the diversity of Balancer Pools, and it keeps growing as extra pool types with different math are introduced. This means that the Balancer ecosystem’s pools can all execute trades.

Also, by integrating and connecting with the Smart Order Router, any custom pool on Balancer can use Balancer’s liquidity features.

Balancer Gnosis Partnership (BGP)
On app.balancer.fi, the Balancer Gnosis Partnership is the default trading interface. It employs Gnosis Solvers and the Balancer Vault to carry out trades in batches. Traders can submit swaps using Gnosis Solvers by signing a message that initiates a gasless transaction.

To keep traders safe for Miner Extractable Value or MEV, the Solvers match transactions using on-chain liquidity, facilitating taking advantage of Coincidence of Wants. BGP uses several Dexes to guarantee traders always receive the best prices.

BGP’s solid integration with Balancer’s Vault allows it to carry out sophisticated multi-hop deals with minimum token transfers while lowering transaction costs. It groups gasless transactions, ensuring that unsuccessful traders don’t lead to a fee loss. 

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