Balancer Protocol, the leading platform for programmable liquidity, and the WSBDApp, the blockchain-based trading platform connected to the iconic WallStreetBets grassroots movement, announced today a strategic collaboration to launch WSBDApp’s novel exchange-traded portfolios (ETPs) on Balancer V2. These decentralized portfolios align with WallStreetBets’ deep-seated belief in the “little guy” retail investor and aim to scale decentralized finance (DeFi) investing by hedging against inflation with a community-selected basket of fiat-linked crypto stablecoins, tokenized commodities, and crypto native assets. With portfolio compilation determined, voted upon, and rebalanced by the WSBDApp community, this initiative will further expand the possibilities of DeFi and increase crypto exposure to crypto-native and traditional investors alike.
As innovation pushes forward in DeFi, an adoption gap widens for traditional financial investors. ETPs allow retail investors to diversify their portfolios with tokens such as WBTC, WETH, wDGLD, USDC, EURS, and NZDS to hedge against fiat currency inflation while also gaining high potential crypto exposure.
“We are excited to partner with the WSBDApp and bridge the gap between traditional and DeFi investing,” said Fernando Martinelli, CEO of Balancer Labs. “WallStreetBets shares our mission of scaling accessibility to DeFi, and we are thrilled to welcome them into our ecosystem.”
Like an ETF or index fund, WSBDApp’s ETPs on Balancer create a carefully selected portfolio of tokens that are fully liquid, balanced to avoid inflation, and non-custodial. As part of the collaboration, WSBDApp users will connect wallets to their Balancer Protocol portfolios and use the proper currency to buy-in and receive a token representing their holdings. Balancer V2 rebalances the portfolio providing a user-friendly and dynamic control.
Balancer V2’s operations significantly reduce gas and processing fees, and users will receive frequent updates about the status of their ETPs. Once the funds are held, users get access to any upside of the collection and can sell back their shares when ready.
“The WallStreetBets community has something for everyone, and with democratic tools like ETPs, we’re showing the world how financial markets should really be managed,” said BTCVIX, CEO of the WSBDApp. “Balancer is providing our community the data they need to access and evaluate these portfolios, enabling really educated financial decisions.”
Balancer is an automated portfolio manager and liquidity provider turning the concept of an index fund on its head: instead of paying fees to portfolio managers, you collect fees from traders who rebalance your portfolio by following arbitrage opportunities. Developers leverage Balancer as a permissionless building block to innovate freely and create new treasury management systems. This opens up possibilities for dynamic fees and allows for liquidity bootstrapping pools (LBPs) which are excellent for launching a new token and so much more. Balancer Lab’s mission is to become the primary source of DeFi liquidity by providing the most flexible and powerful platform for asset management and decentralized exchange.
To learn more, please visit https://balancer.fi/
Founded in 2012, WallStreetBets is a movement that aims to empower the “little guy” investors of the world against unaccountable financial institutions. The movement lacks formal leadership and is instead a grassroots decentralized effort to leverage the power of community organizing for bringing accountability and transparency.
To learn more, please visit https://www.wsbdapp.com/