Overview
ETH and BTC pushed to new all time highs this week, as did mainnet v2 TVL which now sits at $1.62B (a new record!) from $1.51B last week. Polygon declined compared to a week ago surprisingly, now at $170M from $182M. Arbitrum moved up a bit to $109M from $104M.
Daily LP revenue hasn’t changed much, but to update you on Lifetime LP revenue: Mainnet just crossed $11M and Polygon is now over $3M. If we had a 10% protocol fee established, we’d already have $1.3M in the bank (more since it would be re-invested to earn a yield).
Liquidity Mining
The only change last week from the LM Committee was to end rewards for DEFI5 pool on Arbitrum, and no major changes are planned this week either. They no longer have confidence in the polygon rotation strategy so that’s been put on hold. Thus, not really anything to report as far as liquidity mining goes.
Ecosystem
Gauntlet pushes another round of fee updates
Kia from Balancer Labs publishes this week’s community update
Balancer Labs and Gnosis announce the official launch of the Balancer-Gnosis Protocol
Governance
Baller Andrea proposes stopping the BAL for gas program
I propose funding the Ballers for the next three months
FollowTheChain initiates a discussion around a Friendly Fork model
Zeb, leader of the Grants DAO, proposes wave 2 of the grants program