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Non-custodial portfolio manager Balancer is live on the Ethereum mainnet

Non-custodial portfolio manager Balancer has launched on the Ethereum mainnet.
Balancer’s white paper first came out in Sept. 2019. As The Block's Matteo Leibowitz previously detailed , the project is essentially a generalized implementation of Uniswap's Automated Market Makers (AMM) model. 
Much like Uniswap, the system consists of various liquidity pools. The difference lies in the fact that Balancer does not require every liquidity pool to hold a certain percentage of Ether. Instead, it has a multi-asset construction to mimic an index fund structure. 
The project has attracted interest from the Open Finance ecosystem. Last week, the project disclosed a $3 million seed round led by Accomplice and Placeholder.
In a Tuesday blog post , Balancer announced that it has launched out of the closed beta and is now live on the Ethereum mainnet. 
According to the blog post, the newly released platform features an exchange DApp and a pool management DApp, which enable swapping between any two supported tokens and liquidity management for existing pools, respectively. It also has a smart order router to optimize trade across all Balancer pools. 
DEX aggregator 1inch has started sourcing liquidity from Balancer, the blog post said, though only by a small amount as of now for testing purposes. Besides 1inch, the Balancer team is also looking to work with other DEX projects, including 0xAPI, and Totle. shares this Contents always with License.

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