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We are excited to announce Balancer has arrived on Gnosis Chain. karpatkey and Balancer are working together to bring Balancer’s innovation to one of the original Ethereum sidechains with untapped potential. Backed by Gnosis DAO, a large LP on Balancer and significant holder of BAL & AURA, this expansion to Gnosis cements Balancer’s technology on a promising chain.Gnosis is a very promising and OG chain. Deploying there is an exciting next step for our ecosystem and further strengthens the ties between Gnosis and Balancer. Working alongside Karpatkey, our communities can more effectively collaborate and help shape the future of DeFi liquidity on L2s.— Fernando Martinelli, Balancer Labs CEO & Co-FounderBalancer has revolutionized the DeFi landscape by providing access to secure infrastructure for liquidity applications. karpatkey, a well-known crypto treasury development team, has leveraged Balancer’s algorithmic rebalancing, customizability, and Boosted Pools functionality, making it a powerful tool for managing assets in the rapidly growing DeFi ecosystem. Let’s explore further how Balancer’s technology has empowered karpatkey to grow treasuries effectively on Ethereum, and soon on Gnosis Chain.I’m excited to see Balancer deploy on Gnosis Chain and I think the ecosystem there has a bright future ahead. This will be a great showcase for how Balancer technology like Boosted Pools can be used to supercharge growth. Gnosis DAO and Karpatkey are important long term partners for Balancer — this deployment marks the latest milestone in our journey together.— Solarcurve, Balancer MaxiBalancer Boosted Pools has Entered the ChatAdding Balancer’s technology to Gnosis Chain will spur growth in the burgeoning ecosystem. karpatkey and Balancer are working jointly to bring Balancer’s innovation to Gnosis Chain, including Boosted Pools through Gnosis Chain lending platform Agave. Key assets are going to be prioritized first, including GNO, WETH, WBTC, xDAI, and USDC, in order to have the Gnosis DeFi ecosystem thrive.Users will need to bridge funds to Gnosis Chain and then deposit/withdraw/trade as usual on the Balancer UI.Incentives for the following Pools will start in a few weeks:◽ Agave Boosted USD (DAI/USDC/USDT)◽ Agave Boosted Tricrypto (weth/wbtc/stable)◽ Agave Boosted GNO/WETH◽ Agave Boosted GNO/stableBalancer, karpartkey and Gnosis Chain: A TrioBalancer’s Customizability & PerformanceThe karpatkey team benefits from Balancer’s technology, providing increased flexibility in creating custom pools of up to 8 different assets with various weightings. Balancer’s superior performance compared to standard liquidity pools includes lower slippage, better pricing for trades, and the ability to route trades across multiple pools to find the best price and reduce costsBalancer’s Risk Management & Time-Saving Featureskarpatkey values Balancer’s risk management capabilities, including the automatic rebalancing of pools to maintain desired asset weightings and reduce risk. The customizable weightings of Balancer Pools can also result in lower price fluctuations compared to other liquidity pools. This is particularly useful for treasury management as it can help reduce the impact of price fluctuations on the pool’s assets and the impact of impermanent loss. Additionally, Balancer’s automatic rebalancing and customizable weightings help to save time, reducing the need for frequent adjustments and constant monitoring. Karpatkey is aware of the potential costs associated with using Balancer, such as higher gas fees or potential impermanent loss if the asset weightings are not set up correctly. Once the contracts are deployed on Gnosis Chain, gas costs will be minimal, eliminating those incurred costs.Balancer’s Composability and EcosystemThrough different integrations, Balancer enriches its value proposition for DeFi users. One of those integrations is Balancer “Boosted Pools’, which are pools that hold interest accruing tokens from lending platforms. These pools improve capital efficiency and generate extra yield for the liquidity providers and Balancer DAO. Part of this yield is then utilized as incentives to drive gauge emissions to these pools. One of those pools that karpatkey leverages to generate value is Balancer’s Boosted Aave USD Pool (DAI/USDC/USDT), which currently has an APR range of 2.2% to 4.8%, surpassing other stable-coin protocols that generate between 0.1% — 1.9%.Another great example of composability in Balancer’s ecosystem is Aura Finance. Through Aura’s social aggregation of voting and economic power, karpatkey is also able to increase generated yield on key Balancer pools. The platform also enables karpatkey to participate in Balancer’s governance and gauge voting, efficiently allocating voting power.Closing ThoughtsThe strategic decision to deploy on Gnosis Chain introduces Balancer’s tech to a burgeoning ecosystem to ensure DeFi liquidity provision with the scope for sustainable, scalable, innovative growth that is highly competitive in the industry. By collaborating with karpatkey, our communities can work together to shape the future of liquidity for DeFi. The innovation that Gnosis Chain brings to the table in terms of scalability, speed, and capital efficiency will foster the perfect environment needed for our Protocol to flourish.Connect with Balancer : Website | Twitter | DiscordConnect with Gnosis Chain: Website | Twitter | DiscordConnect with karpatkey: Website | TwitterUnlocking the Power of Balancer on Gnosis Chain was originally published in Balancer Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

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