Holdr, a Balancer Friendly Fork, is launching Balancer V2 technology to Aurora chain to boost the capital efficiency for liquidity providers, traders, and DeFi protocols in the ecosystem.

Overview

Holdr protocol received $20,000 grant in AURORA tokens from the Aurora Foundation to launch and operate Balancer Friendly Fork on the Aurora chain. This launch will help the Aurora ecosystem to improve the current liquidity landscape and enable projects and liquidity providers to lower the costs of providing and attracting liquidity, while traders can benefit from greater market depth. The official launch of Holdr is planned for mid-December along with $HLDR token LBP (Liquidity Bootstrapping Pool).

Holdr team shares Aurora and NEAR foundations’ values and is aiming to build an efficient, safe and accessible financial system to onboard millions of users. This grant is one of the many steps toward fulfilling that mission and we are grateful to the Aurora Foundation for their support and commitment.

What is Balancer

Balancer is a community-driven protocol, automated portfolio manager, liquidity provider, and f price sensor that empowers decentralized exchange and the automated portfolio management of tokens on the Ethereum blockchain and other EVM-compatible systems. Balancer adopts powerful features to slash gas costs, super-charge capital efficiency, unlock arbitrage with zero-token starting capital, and open the door to custom AMMs.

What is Aurora

Aurora is an Ethereum Virtual Machine (EVM) implemented as a smart contract on the NEAR protocol, which allows Ethereum contracts to be executed in a higher performance environment, the NEAR blockchain, which is fast (transactions are completed in 2–3 seconds), scalable and secure.

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