The Balancer Report
Every week we share the hottest ecosystem news and cover the most important governance developments. Let's dive in!
Balancer: TVL and Stats - DefiLlama
Balancer's TVL is $1.26B. Distributed in the following manner:
The Total Mainnet TVL is $1.07B and there is an increase of about 12.70% compared to the $949.34M of the previous week. Being located in the eleventh position according to TVL.
The Polygon TVL is at $121.36M, almost unchanged compared to the $122.32M 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 $44.63M, registering an increase of 15.56% compared to the $38.62M of the last week.
And finally, Balancer on Optimism by Beethoven X sits at $29.39M 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 17.74%.
Mainnet - wstETH / WETH - currently at 13.31%.
Mainnet - BADGER / rETH - currently at 9.98%.
You can find an overview of the current LM incentives on the Balancer Mainnet below:
Balancer Grants share their latest monthly update!
Our grantees have been working hard on delivering on their plans and here are some highlights:
Seven new grantees have been approved, stay tuned for more details on them and what they will be working on
Atlantis, Skytale, Sturdy and XS Finance have finalized their grants by fully shipping their grant deliverables.
Beethoven X introduces the $BEETS Reliquary! It features the Fresh Beets pool, adjusts the role of fBEETS and brings maBEETs to the ecosystem
You can learn more about the reliquary here.The Balancer Bus was an ETH Denver hit! Here’s how it looked:
Gleb took part in Polygon’s AMA on Balancer’s latest AAVE x Giddy integration! The conversation revolved around Boosted pools and it also touched upon the future of Decentralized Finance
A new Synapse Protocol snapshot vote proposes featuring Balancer as the main market maker for $SYN.
According to Aura, “This is made possible by the capital efficiency of voting incentives provided to vlAURA through @redactedcartel ’s Hidden Hand marketplace”
Longswap is live and it utilizes Balancer’s tech that brings “A huge liquidity base, good order flow and an excellent security framework” to facilitate large trades and protect them from high slippage and front-running.
Bianca talked about the veModel mechanics and 80/20 pools at ETH denver.
Here are the current bribes on HiddenHand. The round ends on March 9, 2023.
BAL Token & Halving
Balancer Governance Token (BAL) is the core token behind the Balancer protocol. Alignment between governance token holders and protocol stakeholders is crucial for successful decentralized governance, and BAL tokens are the vehicle to drive this alignment. veBAL is an extension of BAL and is used for voting in decentralized governance.
The maximum total supply of BAL tokens enforced at the smart contract is 100M; however, BAL token holders have the authority to decide if the distribution should end before hitting the cap.
At the beginning of the liquidity mining program, 145,000 BAL were minted every week But in Q1 2022, veBAL was introduced to replace fixed weekly emissions. veBAL includes an annual reduction in emissions rate such that the program should run until around 2050, leaving a total supply of around 94/100 million tokens upon completion and assuming no other governance is enacted to mint part of the remaining unallocated supply.
The following emission reduction will occur on Tuesday, March 28, 2023. And with this, approximately 121,929 BAL per week will be emitted.
This is the emissions schedule:
If you want to learn more about all this you can read our documentation here.
Last week saw 2 Snapshot votes:
[BIP-205] Enable relayers on gnosis chain and add other missing permissions
[BIP-206] Deploy Balancer to Avalanche
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/
Are you looking for a grant? Learn more here.
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