Balancer Protocol reveals partnership with Wallstreetbets Defi Project WSBDAPP - Defi Bitcoin News

On Wednesday, the programmable liquidity platform Balancer Protocol announced that the project was received by a partnership with the Wallstreet Bettin project WSBDAPP. The announcement describes that the two projects will work together to start the stock market -traded portfolios (ETPS) from WSBDAPP on Balancer V2.

Balancer Protocol and Defi project partner of Wallstreetbets start stock exchange-traded portfolios

Last week, bitcoin.com news reported on the new WSBDAPP platform for decentralized finances (defi), which is hosted on the website wsbdapp.com . The makers of the application claim to be the leader of the Wallstreetbets Community in addition to the support of Jaime Rogozinski, so A Video the team announced on Twitter. On Wednesday, the team behind the Balancer Protocol announced that the project will work with the WSBDAPP manufacturers.

Balancer Protocol is a liquidity provider and a decentralized stock market platform (Dex) that uses Ethereum blockchain. According to the data on Wednesday, Balancer Protocol with a trade volume of $ 471 million last week is the seventh largest Dex application that Ethereum uses. Measurement values ​​of dune analysis indicate that the volume of balancer is just over 1 inch network and synthex. The announcement of balancer and wsbdapp shows that the two projects are planning, WSBDAPPS " listed portfolios (ETPS) on balancer v2."

"We are happy to work with the WSBDAPP and to close the gap between traditional and deficient investments," said the CEO of Balancer Labs, Fernando Martinelli, during the announcement. "Wallstreetbets shares our mission to scale access to DEF, and we look forward to welcoming you to our ecosystem."

reduction in gas fees and use of "enlightened finance decisions"

The teams point out that crypto ETPS small investors will help with diversification and that they can acquire a variety of defi tokens. "Like an ETF or index fund, the ETPS from WSBDAPP on balancer form a carefully selected portfolio of tokens, which are completely liquid, to avoid inflation and not custody," says the announcement of the cooperation. WSBDAPP users can use the balancer protocol and "use the right currency to buy and get a token that represents their stocks," emphasize the teams.

"The Wallstreetbets community has something to offer for everyone, and with democratic tools like ETPs we show the world how financial markets should really be managed," said Btcvix, CEO of the WSBDAPP platform. "Balancer provides our community the data that you need for access and evaluating these portfolios, and thus enables really well -founded finance decisions."

The makers of the balancer project say that Balancer V2 will help users of the WSBDAPP platform to reduce fees. "Users are regularly informed about the status of their ETPs," said the balancer team. "As soon as the funds are kept, users get access to all the advantages of the collection and can sell their shares back if they are ready."

What do you think of the Defi project Balancer Protocol, which works with the decentralized financial project WSBDAPP? Let us know your opinion on this topic in the comments below.

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