Balancer MaticX Boosted Aave WMATIC
1. Summary
- Description
-
Balancer MaticX Boosted Aave WMATIC is a DeFi project that leverages the partnership between Balancer and Aave. Here's an overview of the project:
Balancer MaticX Boosted Aave WMATIC is a DeFi project that leverages the partnership between Balancer and Aave. Here's an overview of the project:
Project Overview
Balancer MaticX Boosted Aave WMATIC combines the capabilities of Balancer and Aave to create a robust liquidity management system. Aave is a decentralized non-custodial liquidity protocol where users can deposit assets to earn passive income or borrow assets in an overcollateralized or undercollateralized manner. Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor that optimizes the liquidity experience through its Boosted Pools.
Unique Features
The Balancer MaticX Boosted Aave WMATIC project stands out due to its novel approach of integrating Balancer's Boosted Pools with Aave's liquidity protocol. This integration enables liquidity providers to earn additional revenue through Aave's lending fees while also participating in swap liquidity on Balancer. The project's focus on composability and capital efficiency ensures that users benefit from a more robust and seamless experience.
History
The partnership between Balancer and Aave has led to the development of several joint projects, including the Boosted Pools and the 80/20 AAVE/ETH Safety Incentive pool. The collaboration has been acknowledged as a key contributor to the growth of DeFi, as it enables liquidity providers to optimize their liquidity positions by borrowing from Aave and earning lending fees.
Future Developments
The project aims to continue innovating and optimizing liquidity management by leveraging the composability of DeFi protocols.
Utility of Token
The token associated with Balancer MaticX Boosted Aave WMATIC can be used for various purposes within both Balancer and Aave ecosystems, including providing liquidity, borrowing assets, and earning lending fees.
| Price | |
| 52W High price | $0.85 |
| 52W High date | 14th Jul 2023 (1 year ago) |
| All Time High (ATH) Date | 21st Oct 2024 (4 months ago) |
| All Time Low (ATL) Date | 21st Oct 2024 (4 months ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $2,236.00 |
How does Balancer MaticX Boosted Aave WMATIC's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
51,626.9%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | |
| Twitter followers | 149,945 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://app.balancer.fi/ |
|---|---|
| Explorer | https://polygonscan.com/token/0xe78b25c06db117fdf8... |
| @balancer |
What is the correct contract address for Balancer MaticX Boosted Aave WMATIC?
| Polygon-pos | 0xe78b25c06db117fdf8f98583cdaaa6c92b79e917 |
|---|
Has Balancer MaticX Boosted Aave WMATIC been audited for security?
No security audits found for this project.
Are you the owner of Balancer MaticX Boosted Aave WMATIC? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.