Balancer is an automated market making protocol launched in March 2020. The protocol operates on a model similar to that used by decentralized exchanges like Uniswap. Balancer is a non-custodial portfolio manager, liquidity provider and price gauge. According to Defipulse, Balancer has already entered the top 5 largest DeFi protocols. The volume of funds blocked for the protocol reached $ 62.8 million. During the day, this value increased by 42.22%. Balancer allows users to create pools of tokens that are automatically rebalanced and tokenize those pools. Balancer has introduced its own coins that are shared between all stakeholders with a special procedure called liquidity distribution.