Unmanaged portfolio management company Balancer launches on Ethereum mainnet

The unmanaged portfolio management company Balancer has been launched on the Ethereum mainnet. Balancer's white paper was published in September 2019. The project is essentially a universal implementation of Uniswap's Automatic Market Maker (AMM) model. According to a report last week, Balancer Labs has completed a $ 3 million seed round of financing, led by Accomplice and Placeholder, and participation by CoinFund and Inflection.