Overview
Mainnet V2 TVL currently sits at $836M down 11% from last week’s $938M. Current overall Mainnet TVL sitting at $1.07B. Polygon TVL is at $41.1M. TVL on Arbitrum decreased to $12.6M. The recently deployed Balancer on Optimism by Beethoven X sits at $2.0M TVL.
Daily LP revenues for Mainnet V2 averaged around $33k last week with daily LP revenue peaking at $50k on August 19th.
Liquidity Mining
This section will list the top three expected pools to receive most of the next period’s emissions. Voting is open for 3 more days and the next period is scheduled to start on Thursday at 00:00 am UTC.
Mainnet - 40%WBTC/40%DIGG/20%graviAURA - currently at 32.85%.
Mainnet - wstETH/WETH - currently at 17.54%.
Mainnet - WMATIC/stMATIC - currently at 7.65%.
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
Curtis published a proposal for Paraswap to handle part of their PSP 2.0 efforts with an 80/20 pool on Balancer.
Balancer Maxi Office Hours coming up on Tuesday, August 23rd. 5 pm CET in Discord.
Balancer DAO August Update will happen on August 24th in Discord with updates from all current Service Providers.
Insightful articles about Balancer are being gradually added to the knowledge center.
The proposal for Tribe DAO consolidation will have an impact on the Balancer DAO treasury as the DAO holds 2.5M Tribe Tokens.
Governance:
Current discussions on the forum revolve mostly around the introduction of a new gauge framework. The idea here is to classify gauges based on parameters such as token market cap factor and a weight factor to determine what maximum amount of BAL emission a pool can receive. This proposal would impact the current BAL allocation to pools and Balancer governance will need to vote on it soon.
Last week saw 5 votes on snapshot with the following outcomes:
[BIP-47] Balancer <> Across Protocol for Bridging Tokens Across Chains
[BIP-44] Support Balancer Space delegation on Snapshot for vlAURA holders
Community contributor 0xDanko launched a study-group initiative, focusing on growing the Balancer community and potential contributors. Acknowledging that the learning curve on Balancer might be overwhelming sometimes. If you have input, reach out to him on Discord.