Bitshares vs PancakeSwap vs Balancer
What problem does this service solve?
Bitshares is an open source blockchain platform designed to increase access to banking services. | PancakeSwap allows users to trade BEP-20 tokens and earn rewards by depositing funds to their liquidity pool. | Balancer is designed to maximize liquidity within a decentralized exchange. |
Token Stats
Company Description
BitShares is a blockchain platform designed to assist the unbanked. It offers both banking and exchange services. Bitshares was originally launched in 2014 by Dan Larimer, an influential blockchain developer that has also worked on EOS and Steemit. It is a community run open source project. | PancakeSwap is a decentralized exchange built on the Binance blockchain. It allows users to stake their funds in return for the protocol’s tokens, and uses an automated market maker (AMM) model to enable users to trade BEP-20 tokens on the platform without an order book. PancakeSwap is similar to Uniswap and SushiSwap, and rewards users for depositing funds to the liquidity pool with PancakeSwap tokens that entitle holders to a portion of the trading fees generated on the platform. | The Balancer cryptocurrency is the reward token that fuels the Balancer market maker protocol. The Balancer protocol serves as a liquidity provider and a non-custodial portfolio manager. Unlike other automatic market maker protocols, such as Uniswap, Balancer is designed to provide a general solution that can be customized for a variety of trading pools with different distributions. It uses smart order routing to send trades to trading pools with the best rates available, and rewards traders by paying them a fee for increasing the liquidity of these pools. |