Balancer
Programmable AMM with weighted, stable, boosted and liquidity bootstrapping pools on Ethereum and other EVM chains.
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Balancer key facts
| Category | Decentralized exchange |
|---|---|
| Chains | Ethereum, Arbitrum, Base, Optimism, Polygon and others |
| Platforms | Web, API |
| Custody | Non-custodial |
| Fees | Protocol share: 25% of swap fees, 10% of yield fees (v3); flash loans free |
| Token | BAL (emissions halted Q2 2026) |
| Open source | Yes, balancer-v3-monorepo |
What is Balancer?
Balancer is a decentralized exchange built around a shared Vault that holds pool tokens. Its v3 protocol takes 25% of pool swap fees and 10% of yield fees, and flash loans are free. In Q2 2026 governance halted BAL emissions and discontinued veBAL.
Balancer usage
From DefiLlama (TVL) (fees users paid), updated Sep 26, 2026.
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Balancer pros and cons
- Flash loans carry no fee in v3
- Liquidity bootstrapping pools for token launches
- Public v3 monorepo on GitHub with audit reports
- Protocol takes 25% of swap fees in v3 (50% in v2)
- BAL emissions halted and veBAL discontinued in Q2 2026
- Pool swap fees vary by pool and can be changed by authorized accounts
Balancer FAQ
What is Balancer?
Balancer is a decentralized exchange built around a shared Vault that holds pool tokens. Its v3 protocol takes 25% of pool swap fees and 10% of yield fees, and flash loans are free. In Q2 2026 governance halted BAL emissions and discontinued veBAL.
How much value is locked in Balancer?
$58M according to DefiLlama on Sep 26, 2026. It is deployed on 13 chains: Ethereum, Polygon, Arbitrum, Base, xDai, Avalanche and others.
How much does Balancer cost?
Protocol share: 25% of swap fees, 10% of yield fees (v3); flash loans free, according to Balancer’s own page (checked Sep 26, 2026).
How much do users pay Balancer in fees?
$206,170.7 over the last 30 days, according to DefiLlama on Sep 26, 2026.
Does Balancer hold my funds?
No. Balancer is non-custodial: you keep your funds in your own wallet and sign each transaction.
Sources
How this page works
Sources: Balancer: official site, Balancer: Protocol Fee Operations, Balancer: BAL Token. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.