Balancer will be deployed on the Avalanche chain to drive the growth of the LST market

Odaily Planet Daily News According to official news, Balancer stated that it is deploying to the Avalanche chain to promote the growth of Liquid Staked tokens and provide participants with a unique and flexible DeFi technology stack. According to Balancer, compared with the typical stable pool deployed by DEX for LST, Balancer's composable stable pool (Composable Stable) is programmatically customized to ensure that the full power of Yield Bearing tokens flows to LPs. These pools leverage built-in rate providers, constantly query the blockchain, update tokens to the correct rate, and feed back accrued returns to LPs. With the launch of Balancer on the Avalanche chain and the cooperation between 4 key LST protocols, the Liquid Staked Token market will be unified. Balancer will host the liquidity of BenQi's sAVAX, Ankr's ankrAVAX, Yield Yak's yyAVAX, and GoGoPool's ggAVAX to enhance the Avalanche LST market. Balancers weighting math also provides all protocols with the ability to deploy the 8020 initiative on Avalanche. The initiative allows protocols to build native token liquidity, mitigate profit-seeking incentive schemes, and unlock the next phase of governance token economies.