Balancer
Liquidity · Pools · BAL
Balancer is a generalized AMM supporting up to 8 assets per pool with arbitrary weights (not just 50/50), used for index-style pools and structured liquidity. V3 (2024+) added hooks.
Generalized weighted-pool AMM.
BAL price
$0.0918
+1.2% 24h
Latest data · 15 min delay
Risks identified
- Smart Contract
Balancer has suffered repeated smart-contract exploits: an August 2023 rate-manipulation flaw in Linear/Boosted Pools (~$1.4M lost) and a November 2025 rounding/precision flaw in V2 Composable Stable Pools that drained ~$128M across six chains, despite numerous audits.
- Oracle
Boosted and stable pools rely on token exchange-rate providers (rate providers) and internal invariants; the 2023 and 2025 incidents both hinged on manipulation of rate/price accounting inside pool math, making rate integrity a persistent attack surface.
- Systemic
The V2 Vault holds assets for many pools, and the codebase is one of the most-forked in DeFi; a Vault-level flaw (as in Nov 2025) propagates across pools, chains, and protocol forks simultaneously.
- Collateral
Boosted Pools route liquidity into external lending markets (Aave, Morpho); LPs inherit the solvency, liquidity, and depeg risk of those underlying yield-bearing tokens in addition to Balancer's own.
- Governance
Control concentrates in veBAL lockers who direct emissions and protocol parameters, creating vote-buying/'bribe' dynamics and dependence on active DAO governance, especially amid the March 2026 wind-down of Balancer Labs.