Enzyme announces the integration of Balancer into its DeFi protocol

Author: Enzyme

Compiled by: ChainCatcher

Today, Enzyme is excited to announce that it has added Balancer to its ever-expanding DeFi protocol integrations. Through this integration, asset managers on our Ethereum and Polygon deployments will have access to many attractive Balancer pools.

Balancer is a decentralized protocol that provides DeFi liquidity infrastructure.

Balancer does not restrict depositors to a 50/50 pair but allows the creation of multi-token pools with custom weight parameters (e.g., 80/20, 60/20/20). This enables depositors to choose their exposure to different tokens in the pool. Swap fees can also be fully customized: high volatility pools typically have higher fees, while low volatility pools have lower fees. The single vault architecture unlocks the ability to reduce gas costs, improve capital efficiency, unlock arbitrage with zero token startup capital, and opens the door to customized AMMs.

Balancer pools consist of two or more tokens that traders can swap. Liquidity providers deposit their tokens into the pool to earn swap fees. Balancer employs powerful features to reduce gas costs, improve capital efficiency, unlock arbitrage with zero token startup capital, and open the door to customized AMMs.

Balancer provides developers with secure DeFi infrastructure. Builders can focus on what makes their products/protocols unique. Balancer handles low-level token accounting, gas optimization, and top-notch security. Building on Balancer can offer other significant advantages, such as concentrated liquidity, streamlined integration with leading liquidity aggregators, and inclusion in the Balancer SDK, SOR (Smart Order Router), and subgraphs.

Balancer's mission is to accelerate DeFi innovation by providing access to secure infrastructure for liquidity applications. As a core building block of DeFi, the Balancer Protocol is community-driven, reliable, open-source, and permissionless.

Projects built on Balancer create new, innovative types of mining pools and financial dApps. Visit balancer.fi for more information.

With the integration of Balancer, Enzyme asset managers can now access up to 10 Balancer pools on Ethereum and 4 pools on Polygon, providing exciting opportunities to provide liquidity and earn additional rewards.

Mining pools are fundamental components of the Balancer protocol; they are smart contracts that define how traders swap tokens on Balancer. What sets Balancer Pools apart from other protocols is their infinite flexibility.

Initially, this integration will grant Enzyme users access to the following Balancer pools on Ethereum and Polygon:

In Enzyme, asset managers can easily view the composition of asset pools, total value of asset pools, current APR, and any relevant rewards.

By using Balancer through Enzyme, asset managers can benefit from powerful features such as low gas costs, efficient capital usage, and access to customized AMMs.

These benefits include:

You can easily manage your Balancer positions within the Enzyme application, allowing users to "unstake" and "withdraw" at any time. Withdrawals can be processed as "single tokens" or "proportionally" with the pool's composition.

To get started, simply follow these steps. Completing your first transaction takes less than 5 minutes:

1. Connect your wallet at https://app.enzyme.finance/discover

2. Navigate to DeFi protocols and select Balancer

3. The manager can then choose to open a position based on the available pools

4. To learn more, visit our documentation here https://docs.enzyme.finance/managers/trade/defi-protocols/balancer

With Enzyme's v4 Sulu, asset managers can more easily create custom on-chain strategies and access dozens of DeFi dApps, over 200 digital assets, and now Balancer pools all in one simple, trustless, and efficient platform.