ADVERTISEMENT
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Sitemap
  • Submit Guest Post
  • Contact Us
Best Crypto Blog Website
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
No Result
View All Result
Wootfi Media
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
No Result
View All Result
Wootfi Media
No Result
View All Result
ADVERTISEMENT

Balancer and Gnosis Launch the Balancer-Gnosis-Protocol (BGP)

blockchainnews by blockchainnews
23/04/2024
Share on FacebookShare on Twitter

Lisbon, Portugal, 21st October, 2021,

Balancer Labs’ Head of Growth, Jeremy Musighi, announced today at LisCon the official launch of the Balancer-Gnosis-Protocol (BGP). BGP combines the Vault architecture of Balancer V2 with Gnosis Protocol’s revolutionary price-finding mechanism. Balancer joins Gnosis to provide user benefits such as on-chain liquidity, MEV protection, better trading prices, and optimized gas costs. Users are immediately able to take advantage of BGP as it is now the default when trading on balancer.fi.

BGP removes the need for an external market maker or liquidity provider, allowing users to save on gas costs, slippage tolerance, and protocol fees. Miner Extractable Value, or MEV, refers to the measure of profit a miner can make through their ability to arbitrarily include, exclude, or re-order transactions within the blocks they produce. To date, more than $730 million has been extracted from users by bots frontrunning transactions, exploiting the slippage users allow in a trade. The Balancer-Gnosis-Protocol leverages batch auctions with uniform clearing prices for all trades in the same batch, protecting traders from value extraction.

“Gnosis brings unparalleled transparency and value to DeFi, focusing on user experience and enhancing industry growth. The combination of these two protocols will allow users to obtain the best benefits of Gnosis and Balancer, such as gasless trading, better overall prices, and MEV protection.” – Fernando Martinelli, Balancer Labs CEO & Co-Founder.

Balancer users are introduced to Gnosis’s price-finding mechanism based on gasless orders and smart order routing. Instead of sending an executable transaction with a predetermined execution path, users will now sign an off-chain message with their intent to trade. The additional third party executes trades, matching against whichever on-chain liquidity offers the best price.

“The collaboration with Balancer is a natural fit, the native integration of Balancer’s v2 architecture allows us to achieve even better prices for the end users and provide a smooth UX across the two platforms. It’s an important milestone towards our mission to build an infrastructure layer that protects traders.” – Martin Köppelmann, Gnosis CEO & Co-Founder.

About Balancer Protocol

Balancer Protocol allows for automated portfolio management and provides liquidity turning the concept of an index fund on its head: instead of paying fees to portfolio managers, you collect fees from traders who rebalance your portfolio by following arbitrage opportunities. Developers leverage Balancer as a permissionless building block to innovate freely and create new treasury management systems. Balancer Lab’s mission is to become the primary source of DeFi liquidity by providing the most flexible and powerful platform for asset management and decentralized exchange.

To learn more, please visit https://balancer.fi/.

Website | Twitter | Discord

About Gnosis Protocol

Gnosis Protocol’s (also known as CowSwap) price finding mechanism is based on batch auctions which allow for a few significant benefits for users, including MEV protection, better on-chain prices and gas optimisations. Instead of sending executable orders to the miners, traders send intents to trade to a set of professional 3rd parties that compete amongst each other to find the most optimal settlement solution. These parties, the solvers, bundle trades into batches, which can offer MEV protection, off-chain liquidity matching and gas cost savings. Gnosis Protocol’s mission is to protect traders and offer fair prices by building the ultimate batch layer on Ethereum.

Website | Twitter | Discord

Contacts

VP Operations

  • Orian T.
  • MarketAcross PR
  • orian@marketacross.com
blockchainnews

blockchainnews

Next Post

Transient Raises $1.2 Million in IDO Public Sale to Build the Amazon of Smart Contracts

LATEST ARTICLE

How To Track Your NFT Portfolio on Mobile: Explain In Detailed
Guide

How To Track Your NFT Portfolio on Mobile: Explain In Detailed

by Volvo
05/06/2025
0

In this article, I will talk about efficiently and easily tracking your NFT portfolios on mobile. No matter what your...

Read moreDetails
How To Track NFT Portfolio on Any Platform: Step By Step Guide

How To Track NFT Portfolio on Any Platform: Step By Step Guide

05/06/2025
10 Best Mudrex Alternatives In India – Top Crypto Investment Platforms 2025

10 Best Mudrex Alternatives In India – Top Crypto Investment Platforms 2025

30/05/2025
RYO Digital and GRNX Global Partner to Revolutionize Global GrainTrade with Blockchain Innovation

RYO Digital and GRNX Global Partner to Revolutionize Global GrainTrade with Blockchain Innovation

27/05/2025
10 Best Bridging Solution For Multi-Chain Games

10 Best Bridging Solution For Multi-Chain Games

25/05/2025
WOOTFI LOGO

Wootfi Mile Blog

Wootfi.com is a comprehensive review platform that specializes in providing accurate, up-to-date information on the latest developments in the world of cryptocurrencies, forex, DeFi, crypto wallets, and AI. Our team of experienced writers and analysts are passionate about their work and committed to delivering high-quality content to our readers.

Categories

  • Affiliate Program
  • AIRDROPS
  • Artificial intelligence
  • Best Crypto Wallet
  • Bitcoin News
  • Blockchain News
  • Buy Crypto
  • Cardano News
  • CASINO REVIEW
  • CLOUD MINING
  • COINS
  • Crypto News
  • Crypto Press Release
  • DEFI
  • Earning Survey Sites
  • Education Platform
  • Ethereum News
  • Exchange
  • Features
  • Finance
  • Fintech
  • Forex
  • Format Folder
  • Government News
  • Guide
  • ICO
  • Investment
  • Lending
  • News
  • NFT
  • NFT NEWS
  • Press Release
  • Ripple News
  • Uncategorized
  • WALLET
  • Web Hosting
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Sitemap
  • Submit Guest Post
  • Contact Us

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .

No Result
View All Result
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - support@wootfi.com .