🧵 Protocol of the Day: @Balancer
Balancer is a decentralized exchange that enables self-balancing portfolios, letting users trade or earn yield like in a crypto index fund.

✅ Pros:
• Multi-asset and custom-weighted pools lower impermanent loss
• Smart Order Routing sources best prices across pools
• Battle-tested with audits by OpenZeppelin and Trail of Bits
• Top 1% by TVL across multiple chains

⚠️ Risks:
• Complex pool mechanics – Uneven weightings can increase slippage and reduce trading volume
• Smart contract risk – One mitigated exploit; exposure to typical DEX contract risks
• Impermanent loss – Still applies, especially in volatile or uncorrelated pools