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Hello and welcome to the Exodus channel, your home for the best crypto videos. Hit those like and subscribe buttons and well keep the videos coming. Balancer is one of the most popular decentralized exchanges in the cryptosphere, with over 2 billion dollars of value currently locked into its liquidity pools. For a full breakdown of the Balancer protocol, you can click on the link above, but this video is all about the BAL , and its use cases. Originally, the Balancer dApp ran without a native , but the Balancer coin was introduced in June 2020, largely as an additional incentive for Liquidity Providers, or LPs, to yield farm on Balancer, helping the protocol attract more liquidity, and to become a key part of the DeFi space. Yield Farming is when crypto users deposit assets into Defi protocols with the aim of earning rewards, often in the form of a percentage of the trading fees earned in their specific liquidity pool. These rewards usually come in the form of the s that the yield