Balancer v3 Launches on Avalanche, Boosting DeFi Opportunities
Balancer has rolled out its v3 protocol on Avalanche, a notable step in expanding its reach within the rapidly growing DeFi space. This move aims to open up new liquidity avenues for developers, liquidity providers, and institutional players. it also solidifies Avalanche’s (AVAX) role as a key player in decentralized finance and tokenized real-world assets.
Launched in December, Balancer v3 brings several improvements. These include Boosted Pools and a Hooks Framework, which allow developers to tailor liquidity behavior. According to a release, these features give liquidity providers more control and enable innovative trading strategies and pool designs.
The deployment followed a unanimous governance vote by the Balancer community.it introduces the protocol’s liquidity optimization tools to a network favored by major institutions like BlackRock and KKR for asset tokenization.
Eric Kang, Head of DeFi at Ava Labs, stated, “With Balancer v3’s advanced liquidity mechanisms live, we anticipate diverse DeFi adoption across Avalanche.” This move is expected to benefit other protocols like Aave and BENQI, offering deeper liquidity and new yield strategies.
Fernando Martinelli, Balancer co-founder, added, “Introducing Balancer v3 to Avalanche reinforces our commitment to efficient liquidity solutions across ecosystems.”
