Balancer is an open-source DeFi protocol built on the Ethereum network (incl. L2s - Arbitrum & Polygon). More specifically Balancer is a base layer AMM (Automated Market Maker) and DEX (Decentralized Exchange). Built on the Ethereum blockchain, Balancer offers new solutions to the problems of traditional and centralized exchanges. Developers leverage Balancer as a permissionless building block to innovate freely and create new treasury management systems. Balancer’s mission is to become the primary source of DeFi liquidity by providing the most flexible and powerful platform for programmable liquidity.
Where does Balancer fit in DeFi? https://defillama.com/protocols/dexes/Ethereum