{"id":288764,"date":"2021-07-01T17:09:20","date_gmt":"2021-07-01T14:09:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/balancer-earmarks-10m-for-near-zero-fees-on-ethereum-compatible-trades\/"},"modified":"2021-07-01T17:09:20","modified_gmt":"2021-07-01T14:09:20","slug":"balancer-earmarks-10m-for-near-zero-fees-on-ethereum-compatible-trades","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/balancer-earmarks-10m-for-near-zero-fees-on-ethereum-compatible-trades\/","title":{"rendered":"# Balancer earmarks $10M for near-zero fees on Ethereum-compatible trades"},"content":{"rendered":"<p>&#8220;<strong># Balancer earmarks $10M for near-zero fees on Ethereum-compatible trades <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMDJhOWM1NWEtYTFlNC00ZTlhLTk4YzQtM2M0ZGY3NzI2NDYzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>The adoption rate of a cryptocurrency is heavily dependent on its use cases in the real world. Balancer Protocol\u2019s latest effort in this regard is the launch of support on the Layer-2 solution Polygon to reduce Ethereum gas costs.\u00a0<\/p>\n<p>With this partnership, Balancer joins the team of major DeFi projects lik Aave, Curve and SushiSwap, which have recently witnessed strong user adoption.<\/p>\n<p>With Polygon (formerly MATIC) offering near-zero fees for trades, Balancer\u2019s position as \u201cthe ultimate flexible AMM is more easily realized\u201d given the ability to perform unique experimentation for pools without risking higher trade fees. While highlighting the ability to scale to more L2\u2019s, Balancer Labs CEO and co-founder Fernando Martinelli said:<\/p>\n<blockquote><p>\u201cWe have noticed the amount of traction that Polygon has been getting and the transaction experience that it provides and Balancer wants that experience for our community and users\u201d<\/p><\/blockquote>\n<p>According to the press release, \u201cthe liquidity mining committee has expressed a desire to focus on more index-like pools on Polygon to emphasize the unique value proposition of Balancer on L2.\u201d Based on the consensus, the committee will continue experimenting with pool designs for Polygon with dedicated mining rewards in place.<\/p>\n<p>Based on the community\u2019s votes, the token incentives setup are \u201c25,000 BAL per week from Balancer, 375,000 MATIC per week from Polygon and 30,000 Qi per week by the Qi Dao per pool for the two pools of which they will be a part,\u201d totaling $10 million in total.<\/p>\n<p>\u00a0Polygon co-founder Sandeep Nailwal concluded, \u201cWe\u2019re sure the Polygon community will enjoy utilizing Balancer with near-zero fees and superior user experience.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/balancer-earmarks-10m-for-near-zero-fees-on-ethereum-compatible-trades\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Balancer earmarks $10M for near-zero fees on Ethereum-compatible trades &#8221; The adoption rate of a cryptocurrency is heavily dependent on its use cases in the real world. Balancer Protocol\u2019s latest effort in this regard is the launch of support on the Layer-2 solution Polygon to reduce Ethereum gas costs.\u00a0 With this partnership, Balancer joins&#8230;<\/p>\n","protected":false},"author":1,"featured_media":288765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMDJhOWM1NWEtYTFlNC00ZTlhLTk4YzQtM2M0ZGY3NzI2NDYzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74889,96725,74892],"class_list":["post-288764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-payments","tag-press-release","tag-tokens"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/288764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=288764"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/288764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/288765"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=288764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=288764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=288764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}