Yield

Avalanche

Balancer

AMM-based DEX <a target="_blank" href="https://tokeninsight.com/en/coins/balancer/overview" rel="noopener noreferrer nofollow">Balancer</a> announced its deployment on <a target="_blank" href="https://tokeninsight.com/en/coins/avalanche/overview" rel="noopener noreferrer nofollow">Avalanche</a>, which aims to boost liquid staking growth on Avalanche and to offer users a flexible DeFi tech stack. 
Balancer uses Composable Stable Pools, which can be programmatically tailored, to host liquid staking tokens (LST). The pools harness an inbuilt rate provider that constantly queries the blockchain, updating the token to the correct ratio and feeding the yield accrual back to LPs. Balancer will collaborate with four LST protocols on Avalanche, hosting the liquidity of sAVAX by BENQI, ankrAVAX by Ankr, yyAVAX by Yield Yak, and ggAVAX by GoGoPool, to boost the Avalanche LST market. 
Luigi D'Onorio DeMeo, Head of DeFi at Ava Labs, said, “Avalanche's established ecosystem, which includes several liquid staking tokens and sAVAX with nearly $100M TVL, are strong liquidity sources Balancer LPs can tap into. With this deployment, Balancer has the opportunity to become the main destination for staked derivatives on Avalanche.” 
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Decentralized Exchange Balancer Live on Avalanche

TokenInsight

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