DeFi Balancer Protocol to Launch on NEAR Blockchain

Balancer decentralized finance project, Ethereum blockchain, It is planned to run on the NEAR blockchain.

NEAR blockchain was launched just two weeks ago, When the validators voted to launch the main network on the POS consensus. NEAR developers say, that the platform was designed specifically for decentralized applications, And even at the design stage, the scalability and failure tolerance of the network was laid.

Based on the results of September, Balancer was the third largest decentralized exchange on the Ethereum blockchain. At the same time, even with the launch on the NER blockchain, Balancer developers do not plan to abandon the Ethereum - the improvement of the project will take place in parallel on both networks.

“We are glad to help in attracting liquidity to the NEAR network, as well as testing the work of Balancer in the conditions of low commissions and high speed of the blockchain. And it is precisely such conditions that the NEAR platform offers ", - said the head of the development of Balance Labs Jeremy Musigi (Jeremy Musighi).

At the moment, the etherium remains the leader in the quantity and activity of decentralized applications. It is on the network that the second cryptocurrency is performed
96% From the total volume of defi transactions.