What is Balancer?

Balancer is a decentralized finance (DeFi) protocol founded in 2020 that offers technology to support automated market maker (AMM) development. The protocol features a unique 'Vault' architecture, which separates core design patterns from individual pools, allowing for enhanced customization and functionality.

The native chain of Balancer supports various pool types, including Weighted Pools and Boosted Pools, as well as multiple externally developed pools. It aims to provide liquidity solutions that are fungible, yield-bearing, and designed to mitigate miner extractable value (MEV) issues, catering to both developers and liquidity providers. The total supply cap and specific governance model details are not specified in the available information.