It's been the biggest week for Falcon thus far with our official launch of Falcon Miles Pilot season
Yes ser, points are coming your way and they are coming in big.
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丰密KuiGas🔆
It's a bit hanging, and you can pick up your hair when you say a word
Thirdweb launches Nebula v0.1, a DeFi Ai product, with the core of simplifying complex on-chain financial operations into "natural language conversational interactions".
Meaning: Use spoken instructions to help you operate DeFi protocols, such as currency swaps, lending, market making, and asset management, without the need to manually click back and forth.
Make complex on-chain financial operations as easy as chatting with ChatGPT.
Use:
✅ Arbitrary chain asset swaps and bridges
> cross-chain bridging + token swaps
> example is the phrase: "Swap my 100 USDC on Ethereum for ETH on Optimism" to perform a cross-chain operation.
✅ Intelligent operation of lending protocols
> has built-in support for 50+ DeFi protocols, such as: Uniswap, Aave, Compound, Curve, Balancer, Lido, etc.
> can directly operate with words, such as: "Lend my WETH to Aave and stake USDC"
✅ Intelligently manage liquidity positions
> you could say: providing liquidity for the USDC/ETH liquidity pool on Uniswap V3.
> it automatically finds the best parameters, authorizes the token, sets the range, and submits the transaction.
✅ Perform complex operations in one sentence:
"Check my aUSDC balance" → to check the balance of borrowed and borrowed assets
"Collect fees" → collect all LP revenues
"Remove my position" → to undo all liquidity
"Burn my unused NFTs" → clean up your wallet of useless NFTs
I don't know much about code personally, but it's interesting to take a look at it, and a few highlights below 👇
1. Support full-chain support: L1 + L2 network full coverage
2. AI intelligent understanding + execution of transactions: There is no longer a need to open multiple DApps, calculate slippage, process authorization, sign and other cumbersome steps
3. Suitable for beginners and veterans: new users can easily complete complex operations, and experts can execute strategies more efficiently.
Thirdweb @thirdweb is a Web3 development platform, in fact, Thirdweb has always been a very well-known platform for deploying tokens and NFTs. I've been tracking me for a long time.
The project was @HaunVentures by @katie_haun-led Haun Ventures, the queen of crypto, who was once the general partner of the famous a16z.
Practical operation:
Open it
1. Find a network with low gas, L2 that has not issued coins, such as BASE and Linea
2. Connect the wallet and try a small amount.
3. A few blind instructions, operated by Thirdweb Nebula. This is Defi Ai
If you lose a bit of gas @kuigas, that's normal. If you lose some money, that's normal
thirdweb
LAUNCH 🚀
AI for Defi.
◆ Swap/bridge any token on any chain
◆ Use 50+ lending protocols on L1s and L2s
◆ Create, manage and earn rewards from liquidity positions
Manage your money with natural language.
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Aura reposted
Balancer
Another week bites the dust! And it is office hours time with @Balancer 📢
Today we'll be talking about our latest updates on our impressions from @dappcon_berlin and fresh news on our much anticipated Readjusting Concentrated Liquidity AMM (reCLAMM) update.🔥
Dial in, shoot your questions, get close:
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0xGeeGee
jfc i thought bal 80/20 pools were hard to pump but this is another level, it's basically a veToken
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Wolf 🐺
It’s Tuesday, and once again @yiedlai comes through with the insights
YIEDL
🌊 New AI Strength & Agent are LIVE!
📊 Data scientists have deliberated—here are today’s BEST & WORST!🏄 Top waves: $BTC +2.7 | $SOL +1.2 | $DOGE +1.0 | $ETC +0.8 | $PEPE +0.6🌪️ Riptides: $DYDX -1.5 | $FET -1.4 | $C98 -1.1 | $BAL -1.1 | $EOS -1.1
Ready to surf? 🚀 #Crypto #AI
The current price of Balancer is $0.90220. Over the last 24 hours, Balancer has decreased by -7.66%. It currently has a circulating supply of 63,846,675 BAL and a maximum supply of 96,150,704 BAL, giving it a fully diluted market cap of $57.63M. At present, Balancer holds the 202 position in market cap rankings. The Balancer/USD price is updated in real-time.
Balancer’s biggest 24-hour price drop was on May 19, 2021, (UTC+8), when it fell by $29.0000 (-55.78%). In May 2021, Balancer experienced its biggest drop over a month, falling by $53.6800 (-71.56%). Balancer’s biggest drop over a year was by $61.8750 (-82.49%) in 2021.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
The crypto industry dedicated significant time to solving the challenge of creating decentralized exchanges (DEXs) as an alternative to centralized platforms. However, initial DEXs faced issues with limited liquidity, which hindered user adoption. This changed with the advent of automated market makers (AMMs), providing DEXes with a more robust solution. Balancer, a popular project, is an example of an AMM successfully addressing liquidity challenges in the industry today.
What is Balancer?
Balancer is an AMM built on the Ethereum blockchain. Launched in March 2020, it raised $3 million through a seed round. Like other AMMs, Balancer offers its own liquidity pools where users can deposit tokens. By contributing liquidity to these pools, users become liquidity providers (LPs), and their assets are utilized for executing transactions on exchanges. LPs receive rewards in exchange for their participation, making it an incentivized and beneficial role.
The Balancer project team
Fernando Martinelli and Mike McDonald founded Balancer. The project originated as a research program within BlockScience, a software company, in 2018 before evolving into its current form. Before Balancer, Martinelli had a background as a serial entrepreneur and was actively involved in the Maker community. McDonald assumed the role of CTO at Balancer, leveraging his experience as a security engineer and the creator of mkr.tools.
How does Balancer work?
Balancer operates as a self-balancing weighted portfolio, serving as an LP and a price sensor. It allows users to generate profits through its native cryptocurrency, BAL. To participate, users contribute to the project's customizable liquidity pools. Three types of pools are available: private, shared, and smart.
Private pools grant ownership and governance to the pool creator, while shared pools are designed for LPs. Smart pools function similarly to private pools but are controlled by smart contracts. Users earn rewards in the form of Balancer Pool Tokens (BPTs).
Balancer native token: BAL token
The native cryptocurrency of the Balancer project is BAL. Although it was not initially introduced at the project's launch, BAL was created in June 2020 to function as the project's governance token. This decision was influenced by the success of Compound's COMP token.
Currently, BAL enhances decentralization and serves as a motivating factor for LPs. The maximum BAL supply is 96.1 million tokens, with a total supply of 57.6 million units. As of June 2023, the circulating supply of BAL is 49.95 million tokens.
BAL token use cases
As a governance token, BAL holds primary use cases within the Balancer ecosystem. It enables token holders to participate in decision-making by voting on proposals and shaping the platform's future.
Apart from its governance role, BAL can be used for trading and purchasing, provided entities are willing to accept it. Furthermore, users can stake BAL to earn rewards and provide liquidity in Balancer's pools, further enhancing the token's utility within the ecosystem.
Balancer token distribution
Balancer token (BAL) distribution is as follows:
Twenty-five percent was reserved for the team, core developers, investors, and advisors.
Five percent was allocated to the Balancer Ecosystem Fund for incentives and partners.
Five percent was allocated to the fundraising fund.
Liquidity providers will mine the remaining tokens.
The importance of AMMs
AMMs, including Balancer, hold significant importance in the crypto industry as they facilitate the existence and operation of DEXes. By offering liquidity, AMMs contribute to advancing the industry's goal of achieving complete decentralization.
Furthermore, AMMs provide traders with an alternative to centralized exchanges (CEXs), allowing them to engage in decentralized trading. Additionally, LPs can earn passive income by supplying liquidity to AMMs. The project's ability to benefit all parties involved is among its greatest strengths.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.5K new posts about Balancer, driven by 1.1K contributors, and total online engagement reached 252K social interactions. The sentiment score for Balancer currently stands at 92%. Compared to all cryptocurrencies, post volume for Balancer currently ranks at 3104. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Balancer.
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Posts
1,485
Contributors
1,082
Interactions
252,138
Sentiment
92%
Volume rank
#3104
X
Posts
928
Interactions
77,542
Sentiment
93%
Balancer FAQ
What is Balancer (BAL)
Balancer (BAL) is an automated market maker (AMM) designed to function as a self-balancing weighted portfolio, providing users with specific key properties. Additionally, it serves as a price sensor, allowing users to collect fees for providing liquidity instead of paying them to portfolio managers.
What are the benefits of using Balancer?
Utilizing Balancer offers a range of benefits for all participants involved. Traders gain access to liquidity, liquidity providers receive rewards, and the crypto industry progresses toward greater decentralization.
Currently, one Balancer is worth $0.90220. For answers and insight into Balancer's price action, you're in the right place. Explore the latest Balancer charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Balancer, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Balancer have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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