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Balancer is a decentralized automated market maker (AMM) protocol built on top of the Ethereum blockchain. You can enjoy token trading, liquidity pool creation, and yield farming on Balancer. Balancer v2 is the latest version of the protocol. It features customizable AMMs, configurable weighted pools, improved gas efficiency, and cross-pool trading.

BAL is an ERC-20 utility token, a core token of Balancer that can be locked up to get veBAL. You can use veBAL as the governance token to implement the voting escrow model.

veBAL is a governance token that can be obtained by locking up BAL tokens or 80/20 BAL/WETH Balancer Pool Tokens (BPTs) on the Ethereum mainnet. veBAL holders can vote on gauge emissions for Balancer ecosystems. You can also vote in certain pools to earn BAL liquidity mining rewards and receive governable protocol fees in the form of Boosted Aave Stable Pool LP Tokens (bbaUSD). In order to get veBAL and vote, you need to take these actions on the Ethereum mainnet. Incentive boosts are only applicable to gauges on L1 (Ethereum mainnet). That's because the contracts require access to your veBAL balance for calculation purposes.

You can earn trading fees and liquidity incentives by providing liquidity in eligible pools. After providing liquidity in the Pool, you can deposit the corresponding LP tokens in Farm and receive BAL liquidity mining rewards.

You can go to Trade ⇾ Swap to swap your tokens for BAL.