BAL is the governance token for the Balancer Protocol. This exciting new player in the DeFi ecosystem is an automated market maker (AMM) that enables users to contribute liquidity to customizable pools and earn profits. The Balancer protocol operates as a self-balancing portfolio, effectively mimicking the function of an index fund by controlling risk exposure through asset reallocation.
Cryptocurrency is an exciting, new space to get involved in. Find out how to get in on the action.
Because stablecoins are often pegged to FIAT currencies with stable values, they are useful tools for currency conversion. Coins such as USDC, USDT and QCAD won't swing wildly up or down in value between withdrawal and funding another account.
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