Overview
Markets stabilized this week, bringing mainnet v2 TVL back up to $1.5B from $1.32B last week. Polygon continued moving higher to $221M from $204M, and Arbitrum remained largely unchanged at $76M from $77M.
Daily LP Revenues remain around the middle of the last year’s range. Total LP Revenues on mainnet recently surpassed $12.4M and $5.6M on Polygon. The protocol fee collector is sitting on $151k of collected fees, up from $92k last week. Also worth noting, the treasury has earned $633k USDC and 14.34 WETH from our revenue sharing agreement with Copper Launch. Finally, Balancer’s BEETS stake is worth ~$6.6M.
Liquidity Mining
Business as usual, with no major changed planned for next week.
Ecosystem
Cool thread about trading boosted pools
Kia from Balancer Labs published their biweekly community update
Check out the recording from this week’s Technology Update if you missed it
DeFi Basket gets a grant
Governance
There is an active vote to approve the Balancer subDAOs Formation proposal