Total Market Cap
Last historical data: 2021-01-22T08:14:06.000Z
Decimal places: 0
Liquidity score: 54.108
Publi interest score: 0.022
Community score: 8.925
Developer score: 61.539
Coingecko score: 42.341
Market cap rank: 97
Coingecko rank: 121
Alexa rank: 64391
Bing matches: 0
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.