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13 May 2021

Balancer teams up with Gnosis to develop a 'gasless' Ethereum DEX

Balancer teams up with Gnosis to develop a 'gasless' Ethereum DEX


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Balancer teams up with Gnosis to develop a 'gasless' Ethereum DEX.

Balancer Labs, a leading automated market maker (AMM) within the Ethereum ecosystem, has teamed up with Gnosis to develop a new decentralized exchange (DEX).

“MEV is a phenomenon currently extracting the value of up to 1% of all DEX trades on Ethereum, with value going from users to miners or other arbitrageurs,” explainsGnosisCEO Martin Köppelmann.

He added, “With BGP, and in particular Gnosis Protocol v2, we built a trading protocol that protects users and makes sure the value stays with them.” .

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