# Balancer (BAL)

> Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor

The Balancer Protocol Governance Token (BAL) are distributed to Liquidity Providers of Balancer. BALs are a key way of decentralizing the governance of the protocol such that it can remain resilient over time, protected from the failure of any single stakeholder. 

The proposed amount of distributed BALs to liquidity providers is 145,000 per week, or approximately 7.5M per year. This means in the first year of BAL’s existence there would be 30% supply inflation off the initially allocated supply of 25M tokens. This high rate of supply inflation is meant to kickstart the distribution of governance rights of the protocol out to those who earn it.

## Price Data

- **Current Price**: N/A
- **Market Cap**: N/A
- **Fully Diluted Valuation**: N/A
- **Circulating Supply**: 54.36M BAL
- **Total Supply**: 41.084 BAL

## Price Changes

- **24h**: N/A
- **30d**: N/A
- **90d**: N/A
- **365d**: N/A

## Chain Availability

Available on: avalanche, base

## Resources

- [Website](https://balancer.finance/)
- [Discord](https://discord.gg/ARJWaeF)
- [Coingecko](https://www.coingecko.com/en/coins/balancer)

## Links

- [View on Zerion](https://app.zerion.io/tokens/BAL-c81c5aa0-7cf4-4a0d-a32a-c401c6a68834)
- [Trade on Zerion](https://app.zerion.io/tokens/BAL-c81c5aa0-7cf4-4a0d-a32a-c401c6a68834)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset