What is BAL

1. Project Introduction
Balancer is a DeFi protocol that enables automated market-making through customizable liquidity pools. It allows anyone to create asset pools with predefined weightings. Balancer is designed to serve as an infrastructure layer for DAOs and DeFi protocols, offering tools for efficient liquidity management. Core features include:
Customizable liquidity pools supporting up to 8 tokens, allowing users to tailor pools to specific strategies or market conditions.
Multi-token swaps in a single transaction, reducing fees and complexity.
Automated portfolio rebalancing, helping users manage risk and returns with minimal manual intervention.
As a decentralized exchange and liquidity provider, Balancer delivers advanced trading and liquidity solutions to the DeFi ecosystem.
2. Team & Investment Info
Fernando Martinelli (Co-founder & CEO): Former co-founder of Brasil Mate and PrepLounge, consultant at Bain & Company, MBA from Université Paris 1, MS in Robotics & Image Processing from University of Girona.
Funding:
$24.25M raised in May 2021 from Alameda Capital, Pantera, Blockchain Capital, Fintech Collective, and others.
$5M in Feb 2021 from Three Arrows Capital and DeFiance Capital.
Initial $300K raised in March 2020.
3. Social Media URLs
X: https://x.com/Balancer
Discord: https://discord.balancer.fi/
Medium: https://medium.com/balancer-protocol
4. Token Info
Token Symbol: BAL
Total Supply: 65,669,229
Token Type: ERC-20
Contract Address: https://etherscan.io/token/0xba100000625a3754423978a60c9317c58a424e3D
Token Distribution:
Founders, Core Developers, Advisors, Investors: 25%
Liquidity Providers: 75%
5. Related Links
Official Website: https://balancer.fi/
White Paper: https://docs-v3.balancer.fi/
LinkedIn: https://www.linkedin.com/company/balancer-ecosystem/
Other Info: https://www.rootdata.com/Projects/detail/Balancer?k=MTI0MQ%3D%3D