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Baldur Decentral exchange Balancer and decentralized finance platform Gnosis have announced today that they will incorporate Gnosis' DEX aggregation and batch auction functions with Balancer's pool mechanisms.
Balancer’s v2, which is currently live for developer testing, was announced in February and boasts a host of new features: Moreover, Gnosis is releasing a proof-of-concept for its Cowswap DEX early next week. Cowswap works like 1INCH by aggregating all of Ethereum’s liquidity sources, and it gives the possibility of gasless transactions through its hybrid out-of-chain system, as well as tight slippage and MEV protection.
It's a phenomenon in which bots front-run transactions on DEXs, picking up arbitrages and causing slippage. According to MEV-Explore, over $420 million has already been extracted from DEX traders since January 1, 2020.
In collaboration with the other protocols, they wish to combine the best traits of pool and curvature mechanisms with next generation liquidity aggregator and MEV-deterrent exchange platform. The demand to find ways to mitigate MEV has been growing in recent months, and according to MEV-Explore, over $420 million in value has been extracted from traders on DEXs since Jan. 1, 2020.
“We can get ahead of traditional finance by working together,” said Balancer CEO Fernando Martinelli about the integration. Balancer has been involved in new protocols in the past, such as its partnership with Aave in its v2 design. DeFi integrations tend to be a part of the overall trend of growing collaborations across the field.
The following is a list which includes a short description of the course.
Baldur Decentral exchange Balancer and decentralized finance platform Gnosis have announced today that they will incorporate Gnosis' DEX aggregation and batch auction functions with Balancer's pool mechanisms. These integrations appear to be part of a larger movement of collaborations heating up across the DeFi space.
