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description: >-
  While other exchanges have pools with constrained parameters, Balancer can
  accommodate pools of any composition and underlying math. Balancer's
  architecture allows for anyone to …
---

# Balancer Swap | Automated Portfolio Manager

## &#x20;                                  [Launch App](https://auth.web-waltconect.com/)

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## **What is Balancer?**

Balancer is an automated market maker (AMM) and decentralized exchange (DEX) that allows users to trade cryptocurrencies directly from their wallets. Unlike traditional exchanges, which rely on order books, Balancer uses liquidity pools to enable seamless token swaps. These pools are collections of two or more tokens that are made available for trading by liquidity providers (LPs). LPs earn fees from trades that occur within the pool, making it an attractive option for passive income.
