Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on July 03, 2021, 11:13:36 PM
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The popular DeFi project Balancer Protocol has joined the fight against high fees by launching on the Layer-2 solution – Polygon. Upon the transition from Ethereum, Balancer also announced new token incentives, which came into effect from June 28th.
Balancer Joins Polygon
Promising to “turn the concept of an index fund on its head,” Balancer is a DeFi project enabling users to collect fees from traders instead of portfolio managers. The protocol announced its latest development in a press release shared with CryptoPotato earlier on July 1st.
The statement reads that Balancer has “launched support on the Layer 2 solution Polygon to reduce gas costs.”
Fernando Martinelli, Balancer Labs CEO and Co-Founder explained that the decision to choose Polygon came after a thorough review of all available options. However, the growth of the project, formerly known as MATIC, in terms of adoption from names like Aave and SushiSwap is what tipped the scale.Source (https://cryptonews.net/930313/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)