This is a Decentralized crypto Exchange. It is an emerging decentralized finance ( DEFI), protocol, Balancer uses a combination of crypto assets to provide this service enabling trading without a financial intermediary like an exchange.
Balancer is a kind of index fund, where users creates funds based on their cryptocurrencies in their portfolios. These funds are known as Balancer pools.
Balancer pools are composed of up to eight different cryptocurrencies.
A Balancer pools value is determined by the percentage of each token within it, a weight chosen during the pools creation.
Balancer has a friendly user interface that enables trader's to trade with ease.