Balincer

Inspiration

Nowadays, more and more defi players are looking for liquid pools for adding values to their assets or NFT assets. In the traditional track of on-chain exchange, there is not alot of incentive for users to trade with accurate predictions and therefore most of chances are wasted on the spot price with 1:1 matched assets on each trade in the Swap market. Now therefore we can building swap pool that is based on other asset pools such as Uniswap, Sushiswap, KSwap, CherrySwap, JSwap to make a bigger pool for users to trade with bigger leverage.

What is Balincer

Balincer is the first AMM-based decentralized margin trading platform on multi-chains, where users can easily earn interest through lending and perform leveraged trading. Powered by its own margin pool and by integrating with external AMM’s like Uniswap, Balincer can significantly increase your trade efficiency and asset utilization. With Balincer, simplified margin trading and visualized position management are available for traders in the DeFi space.

Margin positions are realized through a decentralized margin pool. By putting up a margin deposit on Balincer, traders are able to open a position with up to 5X leverage. Other than serving as collateral, your margin deposit will also earn interest for you, which makes Balincer different from centralized exchanges.

How we built it

The core technology we use is Solidity, JS, Vue, hardhat, Moodyeth, vue-blocklink, and CI automations.

Accomplishments that we are proud of

Enormous Liquidity

The liquidity is provided by Uniswap and the related AMMs. Giving the large liquidity advantage. Balincer can provide depth of liquidity for your swaps so that it can effectively reduce margin fraction by open and close positions.

Security and Finance

Provided by the huge margin pool from Balincer, the exchanger can easily open leverage positions for either long or short. Besides WBTC and ETH, many Defi and ERC20 assets such as SNX, UNI, AAVE are now able to trade with leverages.

High Capital Efficiency

As a collateral platform and DEX, leverage provides trading utilities from borrowings and also provides a margin service for the users. This idea can effectively proliferate the frequency of borrowings and its scale which make better capital operations.

Quick and Convenient Trading

Borrowing and trading are seamlessly integrated within Balincer. Traders can easily open a long or short position in just one step with the TradeView component UI which follows the professional best practice for the user experience.