Looking for the V2 docs? --> https://docs.balancer.fi/
Balancer is an automated portfolio manager, liquidity provider, and price sensor.
Balancer turns the concept of an index fund on its head: instead of a paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio by following arbitrage opportunities.
Balancer is based on an N-dimensional invariant surface which is a generalization of the constant product formula described by Vitalik Buterin and proven viable by the popular Uniswap dapp.
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This page has been deprecated. V1 documentation is partially maintained here