"an n-dimensional automated market maker, "
Won't end well.
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Three days after launch, Balancer boasts $190,000 liquidity and $16,000 volume (via @teo_leibowitz) theblockcrypto.com/genesis/60757/
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I read that article and still have no idea in what sense Balancer is a "Market Maker".
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I admit to not forking out $250 per month for TheBlockPlusPlus so I just read the executive summary
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Heh--I think The Block often has decent analysis, but this one read a lot more like a press release.
"The multi-dimensional nature of Balancer pools allows them to serve..."
"...with the added advantage..."
"The muted volumes are to be expected..."
"A novel feature..."
don’t quite follow here. those quotes are all obejectively true.
1. balancer is n-dimensional AMM
2. DEX volumes are down across board this week (you also conveniently edit out second part of that sentence)
3. discretionary fees are novel feature vs. default 0.3% from uniswap
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for some more insight into the mechanics of balancer you can read linked report in first para
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