DeFi Protocol Balancer Integrates With WallStreetBets Crypto App
Read the full article by Andrew Asmakov Here: 9/8/21
Balancer, a blockchain that was designed to be an automated market maker has announced a partnership with WSBD App.
Balancer was initially built on ETH and represents a self-balancing weighted portfolio protocol that allows anyone to create or add crypto liquidity to customizable pools and earn trading fees. Earlier this year Balancer integrated Algorand and the Ethereum scaling solution Arbitrum.
The collaboration will see WSBD App’s decentralized exchange-traded portfolios (ETPs) launched on Balancer V2 to “further expand the possibilities of DeFi and increase crypto exposure to crypto-native and traditional investors alike.”
What is the WSBD App?
The WSB movement for financial democracy started on Reddit and became a global phenomenon. This is why (we, the apes) created a Decentralized Application to give our community a tool to voice their opinions as retail investors.
WSB DAPP solves the fees and market manipulation problem that have solely benefited centralized financial institutions for the past 100 Years.
Providing Features Like;
Borderless, 24/7 trading
Worldwide, access to international markets from anywhere in the world.
Direct Market, meaning there is no need for broker fees or an account.
The platform intends to have four main features that will be built off of the Binance Smart Chain.(BSC)
The $WSB Token that acts as a governance token, which investors can use to transact throughout the protocol
Synthetic Stock Asset trackers, which allow users to buy or sell synthetic assets with the $WSB token. Which in theory empowers investors to buy and sell stocks freely without the need of a brokerage house. However it does eliminate shareholder rights.
High Yield APY Liquidity Pools. Which allow users to stake their $WSB tokens for interest in exchange for providing liquidity to the pool.
Exchange Traded Portfolios. (ETPs) which allow users to buy and sell baskets of assets. “The “WSB Macro Hedge ETP”, is inspired by the failed SDR model. Designed to be a highly liquid global digital currency — allowing market participants on any level to park their value and transact without worrying about any 1 currency’s purchasing power (or degradation thereof).
We’re launching our Macro Hedge ETP this month and we wanted to give you an updated look at the performance in the markets.
Since there’s a mixture of stable coins and crypto currencies, it reflects a basket that can weather market conditions in a more practical way. This is how the big guys do it. WSB’s vision is to offer such powerful tools globally and frictionlessly.”