BAL, the governance token of Ethereum-based automated market maker exchange protocol Balancer, is live on Ethereum mainnet.

Soon after the deployment, the price has jumped from $6.65 to $22.28. As of now, BAL is trading at $20.

Balancer allows users to create liquidity pools where any number of predetermined Ethereum (ERC20) tokens can be deposited in fixed ratios to one another. When the prices change for tokens in a pool, allocations are rebalanced to the set ratios by allowing traders access to overweight tokens as liquidity.

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