<p><span style="font-weight: 400;">Non-custodial portfolio manager Balancer has launched on the Ethereum mainnet.</span></p> <p><span style="font-weight: 400;">Balancer’s white paper first came out in Sept. 2019. As The Block's Matteo Leibowitz previously </span><a href="https://www.theblockresearch.com/balancer-n-dimensional-automated-market-maker-42038"><span style="font-weight: 400;">detailed</span></a><span style="font-weight: 400;">, the project is essentially a generalized implementation of Uniswap's Automated Market Makers (AMM) model. </span></p> <p><span style="font-weight: 400;">Much like Uniswap, the system consists of various liquidity pools. The difference lies in the fact that Balancer does not require every liquidity pool to hold a certain percentage of Ether. Instead, it has a multi-asset construction to mimic an index fund structure. </span></p> <p><span style="font-weight: 400;">The project has attracted interest from the Open Finance ecosystem. Last week, the project disclosed a <a href="https://www.theblockcrypto.com/linked/59759/non-custodial-portfolio-manager-balancer-labs-raises-3m-from-accomplice-placeholder-coinfund-and-inflection">$3 million seed round</a> led by Accomplice and Placeholder.</span></p> <p><span style="font-weight: 400;">In a Tuesday <a href="https://medium.com/balancer-protocol/balancer-is-live-4ba2f474131b">blog post</a>, Balancer announced that it has launched out of the closed beta and is now live on the Ethereum mainnet. </span></p> <p><span style="font-weight: 400;">According to the blog post, the newly released platform features an exchange DApp and a pool management DApp, which enable swapping between any two supported tokens and liquidity management for existing pools, respectively. It also has a smart order router to optimize trade across all Balancer pools. </span></p> <p><span style="font-weight: 400;">DEX aggregator 1inch has started sourcing liquidity from Balancer, the blog post said, though only by a small amount as of now for testing purposes. Besides 1inch, the Balancer team is also looking to work with other DEX projects, including 0xAPI, DEX.ag and Totle. </span></p>