Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor protocol. Balancer V2 offers a generalized protocol for automated market makers.

Shadow Exchange is a concentrated liquidity layer and exchange built on the Sonic network, powered by x(3,3)—a more fluid and accessible incentive model. With sub-second block times and instant finality, Shadow delivers an ultra-responsive trading experience on par with Sonic's speed. Liquidity providers can adjust positions rapidly to capture opportunities, while traders enjoy near-zero slippage on Shadow.

[Matcha](https://matcha.xyz/) is a DEX aggregator, built by 0x. With over 4 million tokens indexed across 9 blockchains, the decentralized exchange provides aggregated liquidity from +100 sources, and the most efficient trade execution through smart routing. Matcha offers swaps, limit orders and cross chain trades, having enabled over $62B and 3.5M+ trades as the first consumer-facing product by the 0x team. Founded in 2017 by Will Warren and Amir Bandeali, the team has made significant technical contributions, including the NFT token standard (ERC721), the creation of Wrapped ETH, and has raised $109M up to Series B from leading investors as Greylock, Pantera Capital, and Coinbase.