The Balancer Report
In the last week, and as always, Balancer kept building. And here, we update this report to all our followers and supporters.
Balancer: TVL and Stats - DefiLlama
Balancer's TVL is $1.71B. Distributed in the following manner:
The Total Mainnet TVL is $1.52B and there is a decrease of about 2.56% compared to the $1.56B of the previous week. Being located in the tenth position according to TVL.
The Polygon TVL is at $155.53M, registering a decrease of about 0.99% compared to the $157.08M of the previous week. Being in the third position according to TVL and very close to the second position belonging to Quickswap.
Arbitrum TVL is at $35.22M, registering a decrease of 5.30% compared to the $37.19M of the last week.
And finally, Balancer on Optimism by Beethoven X sits at $25.56M TVL.
This section will list the top three expected pools to receive most of the next period’s emissions. Voting is open for four more days, and the next period is scheduled to start on Thursday at 00:00 am UTC.
Polygon - 20WETH-80BAL tetuBAL - currently at 17.95%.
Mainnet - wstETH / WETH - currently at 17.74%.
Mainnet - BADGER / rETH - currently at 9.99%.
You can find an overview of the current LM incentives on the Balancer Mainnet below:
The non-critical issue first announced on Jan 6 is now fully mitigated
The vulnerability, that was never exploited, involved “a previously noted… reentrancy issue” that it was possible to use to manipulate token prices within certain nested pools.
It is important to note that the majority of pools were unaffected.
You could find a more detailed technical overview here
Xeonus’s Balancer Analytics page is now in its beta phase! It is now available on mobile and features enriched stats, multiple DAO dashboards and improved performance
Tim Balabuch came through with a thread highlighting Balancer’s liquid staking wins featuring wstETH, rETH and sftxETH. Over 13% of all ETH is currently staked
Aura Finance explores Balancer’s revolutionary V2 mechanics. The thread examines how since being launched in 2021 Balancer v2 has brought more gas efficiency, security and flexibility. This in turn allowed Aura to bring about more yield-maximizing opportunities
AAVE’s GHO stablecoin is now live on Goerli.
It can be minted through AAVE-supplied assets that can be used as collateral. According to the docs, GHO is “decentralized, over-collateralized, and configurable”.
Everything that is earned through it is set to benefit Aave’s DAO treasuryFjord Foundry hosted a space on DAOs with Olympus and Bond Protocol.
The conversation revolved around fair token launches, protocol-owned liquidity and sustainable DAO operations.
Last Monday Balancer joined other well-known DeFi protocols in a one-day campaign that promoted decentralization and highlighted DeFi’s true values. The campaign also featured Yearn, Zerion, MakerDAO, AAVE, Sushiswap, Cowswap and more
Here are the current bribes on HiddenHand. The round ends on February 16, 2023.
Balancer CoW Protocol
The Balancer CoW Protocol is a trade interface that uses CoW Solvers tightly integrated with the Balancer Vault to execute trades in batches.
With this, traders submit their swaps by simply signing a message to send a gasless trade. Then, the solvers prioritize matching the trades to take advantage of any possible Coincidence of Wants (CoW) before settling the remaining trades using on-chain liquidity, which allows the solvers to protect traders for Miner Extractable Value (MEV).
BCP utilizes multiple different Decentralized Exchanges to ensure traders always get the best price; however, its tight integration with Balancer's Vault allows it to execute complex multihop trades with minimal token transfers, drastically reducing transaction costs. And since BCP batches gasless transactions together, failed trades result in no loss of fees.
If you want to learn more, you can check our docs here.
This week Dubstard shared another warning around fake Balancer pages:
Last week saw 13 Snapshot votes and one hour before the voting round concludes they are all set to pass:
[BIP-170] Enable PENDLE-ETH (50/50) Gauge with a 2% cap [Ethereum]
[BIP-171] Enable frxETH/WETH Gauge on Polygon
[BIP-172] Enable SPHERE/wMATIC Gauge w/ a 2% Emissions Cap (Polygon)
[BIP-173] Enable TRYB / USDC Gauge with a 2% Emission Cap [Ethereum]
[BIP-174] Enable wUSDR-USDC Gauge with a 2% Emission Cap [Ethereum]
[BIP-175] Grant permissions for V3 pool factories
[BIP-176] Enable SYN/ETH Gauge
[BIP-177] Great Migration Wave 1
[BIP-178] Enable bb-euler-USD Gauge [Ethereum]
[BIP-179] Enable wsteth/Tessera Boosted APE Gauge [Ethereum]
[BIP-180] Enable zUSD/bb-euler-USD Gauge [Ethereum]
[BIP-181] Enable bb-euler-FRAX/bb-euler-USDC Gauge [Ethereum]
[BIP-182] Enable bb-rf-USD Gauge [Arbitrum]
Balancer has a flourishing ecosystem. You’re welcome to contribute to it whether you’re a dev, a community person, or a graphic designer! We strive toward onboarding every new member in a smooth and personalized way.
Join the Ballers and start your Balancer journey now: http://discord.balancer.fi/
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