Balancer protocol launches version 2 of its automated market maker

Balancer protocol launches version 2 of its automated market maker

Automated market makers, or AMMs, have become a staple of the rapidly growing DeFi industry.

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Balancer protocol launches version 2 of its automated market maker

Balancer, a leading automated market maker, has launched version 2 of its protocol, promising faster speed, lower costs and improved liquidity. 

In addition to revamping the user interface, Balancer’s backend will provide more efficient routing for trades through “Protocol Vault.” The platform claims that this upgrade will reduce gas costs and produce better pricing mechanisms.

Expected gas costs are said to be 40% lower in version 2 – a figure that jumps to 53% with internal balances.

Balancer Labs, the development arm behind the AMM, also announced a partnership with DeFi protocol Gnosis to deliver an enhanced user experience to traders across price, user experience and transparency.

Automated market makers are essentially smart contracts that generate a liquidity pool of tokens, which are traded auto

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