April 1, 2020 Balancer protocol goes live on the Ethereum mainnet.

The non-custodial portfolio management protocol, Balancer, went live on the Ethereum mainnet as of Tuesday. The project released its whitepaper in September 2019 and conducted a $3 million seed round in March 2020, with participation from Accomplice, Placeholder, CoinFund, and Inflection. The Tuesday announcement marks the protocol’s transition out of closed beta and into a public environment. Balancer uses a system of liquidity pools, similar to that of Uniswap but unlike Uniswap does not force all pools to hold a fixed amount of Ether, instead allowing for pools to hold multiple types of cryptoassets. The current version of the protocol features an exchange, a pool management system, and order routing between pools.