Balancer, a software running on the Ethereum blockchain, was developed in 2018 after being created by Fernando Martinelli and Mike McDonald. Balancer, an automatic portfolio manager, liquidity provider, and price sensor, is based on the N-dimensional invariant surface, a generalization of the constant product formula proven by the popular Uniswap dapp and defined by Vitalik Buterin.
After the release of its Bronze version in 2020, it became one of the top 15 DEX platforms on Ethereum in terms of trading volume.
DEX, standing for "Decentralized Exchange," refers to decentralized exchanges. It ensures that cryptocurrency transactions occur securely between parties. In decentralized exchanges, there is no third party like a bank, government, or financial institution to secure and supervise the transfer of money. Instead, blockchain or distributed ledger technology (DLT) is used.
Balancer, a decentralized finance (DeFi) protocol, enables trading without a financial intermediary, like an exchange, by using a combination of crypto assets to provide service. Balancer, also known as a liquidity pool protocol and referred to by its token "BAL," can be considered a type of index fund where users create funds based on the cryptocurrencies in their portfolios. These funds, known as Balancer pools, allow any user wanting to provide liquidity to do so by depositing only one asset. Users providing liquidity to a Balancer pool then earn a portion of the trading fees paid to the network for the use of their funds and are rewarded with BAL.

Balancer is a DeFi protocol designed to provide an open, accessible alternative to centralized exchanges for trading Ethereum and ERC-20 assets. Balancer allows its users to generate income from their idle Ethereum-based assets. Users can invest their entire portfolios into Balancer's self-rebalancing LP's and earn income as other users trade against their portfolios.
A user can provide liquidity by creating an LP or adding assets to existing pools. With Balancer, anyone can create their self-balancing index fund or invest in someone else's. There are three types of pools in Balancer's system:

According to the Balancer protocol, which allows for liquidity mining, BAL tokens are given as rewards in exchange for providing liquidity to the system. Currently, there are about 11 million BAL tokens in circulation, with a total supply of 100,000,000 to be issued.

For those looking to invest in cryptocurrency, the question of how to buy and sell Balancer (BAL) is frequently asked. This can be done either through mining or by using a specially created cryptocurrency exchange.
Contrary to what is assumed, buying Balancer (BAL) with Turkish Lira in Turkey is very easy and fast. You can buy Balancer (BAL) without any need for technical knowledge and official documents.