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BAL

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162

Balancer

All-time high price

$74.45

Set 1 year ago

on May 4th, 2021 at 1:35:02 PM UTC

The all-time highest price ever paid for Balancer was 74.45 USD. This ATH price was set on May 4th, 2021.

About Balancer

Description

Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor

The Balancer Protocol Governance Token (BAL) are distributed to Liquidity Providers of Balancer. BALs are a key way of decentralizing the governance of the protocol such that it can remain resilient over time, protected from the failure of any single stakeholder.

The proposed amount of distributed BALs to liquidity providers is 145,000 per week, or approximately 7.5M per year. This means in the first year of BAL’s existence there would be 30% supply inflation off the initially allocated supply of 25M tokens. This high rate of supply inflation is meant to kickstart the distribution of governance rights of the protocol out to those who earn it.

Market Cap

$192,704,299

Website and Block Explorer Links

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