Balancer (BAL) and Aave (AAVE), the DeFi altcoin project, became partners. After the partnership became known, their prices began to rise. What will the middles do? Why they partnered, “Balancer Labs has joined forces with Aave to overcome the declining capital efficiency of returns invested in automated market maker (AMM) pools.”
Balancer Labs announced the launch of Boosted Pools on decentralized finance (DeFi) lending protocol Aave. Users can now deposit some of their unused liquidity into automated market maker (AMM) pools to earn additional returns.
Fernando Martinello (Co-founder and CEO of Balancer Labs) explained that there are several Boosted Pool innovations that lead to “tangible results, deeper liquidity, more efficient integrations for liquidity and higher returns.”
After the news was announced, the price of BAL increased by 13%. AAVE rose 11%.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
