Squid has teamed up with Balancer to enable fast, efficient, and easy transfers of BAL between Arbitrum, Base, and Mainnet.

Balancer is one of the premier decentralized automated market maker (AMM) protocols in DeFi and notable for the customizability it offers for designing AMM curves as well as creating multi-token liquidity pools. Today, we’re excited to share a new collaboration with Balancer that makes use of this customizability and Axelar’s interoperability network to enable highly efficient swaps and routing of BAL, the native token of Balancer.

Issued to Balancer LPs, the BAL token has several key uses that our integration helps facilitate. It’s used in governance of the protocol by being staked, which unlocks the ability for users to vote on upgrades as well as things like where to direct token emissions to incentivize liquidity in particular pools. Staking BAL also boosts LPs BAL rewards, creating a virtuous cycle. It can even be used in the meta-protocol Aura Finance to further enhance yields and governance power.

Crucially, while Balancer is widely deployed on seven different EVM chains, all of those use cases for BAL are on Ethereum Mainnet. That’s why Squid has teamed up with Balancer to enable fast, efficient, and easy transfers of BAL between Arbitrum, Base, and Mainnet.

This efficiency is enabled through Squid’s routing of cross-chain BAL transfers and swaps through custom-built BAL/axlBAL pools on each of those chains. Notably, the newly built Axelar integration with Balancer on Base offers users the first fast and efficient means of bridging BAL from that deployment of the decentralized exchange.

Efficient BAL cross-chain swaps are also beneficial for keeping the price of BAL aligned on each chain. Arbitrageurs now have an optimized path for swapping BAL across each of these Balancer deployments. When they spot a price imbalance, they can use Squid to buy low and sell high across chains in a cost-effective manner.

Ready to start transferring and swapping BAL across chains? Just visit v2.app.squidrouter.com to do so in a single click.

About Squid

Squid is a secure cross-chain router that enables interoperability between blockchains and apps. Squid enables single-click cross-chain actions such as token swaps, purchases, deposits, and staking. These contract calls are easily integrated via its API, SDK, and front-end components. Developers can use Squid to onboard users from any blockchain and create scalable, seamless user experiences for anyone with a crypto wallet.

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About Balancer

Balancer is a decentralized automated market maker (AMM) protocol built on Ethereum that represents a flexible building block for programmable liquidity. Balancer’s mission is to accelerate innovation in DeFi by providing access to secure infrastructure for liquidity applications. Projects build on Balancer to create new, innovative types of pools and financial dApps.

balancer.fi | Docs | Twitter | BAL Token | Blog