Overview
TVL saw the first substantial decline since v2’s launch as markets took a break from up only. Main net TVL declined to $1.41B from last week’s $1.55B, and polygon slumped to $188M from $218M. Arbitrum currently sits at just over $14M.
Monday’s crash did lead to a new daily record in LP revenues for both polygon and main net so there is a silver lining.
LDO/WETH is sitting at a comfy 449% APR - I guess people in this are trying to keep it quiet :) GNO/DAI/BAL/WETH looks juicy at 73% but someone withdrew almost all the liquidity (over $10M) so the number is inaccurate. WETH/USDT is paying 38% rewards APR though, which is definitely above market (WETH/USDC is at 8% for comparison).
Ecosystem
Timur drops another cool stats thread for Balancer
Balancer Grants DAO rewards HaloDAO with a grant
Balancer Grants DAO published their first monthly update
RabbitHole has new Balancer quests on polygon
RabbitHole gets a grant from Balancer Grants DAO
WSBDapp launches Exchange Traded Portfolios built on Balancer
Gauntlet pushes another round of fee updates
Gerg from Balancer Labs publishes another great community update
The Balancer Incentives App is slowly transforming into "Balancer Tools" and found a new home at: https://balancer.tools/