The Balancer Report
For the week ending October 16th, 2021
Overview
Despite ETH and BTC continuing to push higher, we didn’t see much of a move in TVL this week. Mainnet v2 TVL only increased to $1.51B from $1.50B last week, though polygon did perform better - TVL there increased to $182M from $174M last week. Arbitrum continued “up only”, moving to $104M from $93.7M.
Liquidity Mining
It’s business as usual as far as daily LP revenues go - still hovering in the same range they’ve been in for the last couple months.
Liquidity Mining
The big success of the week is the GRO/WETH pool - this is one of the first examples of an LBP project migrating (at least partially) to an 80/20 pool. Remarkably, you can still earn over 400% rewards APR by staking the LP on GRO’s platform. GRO rewards are vested, but still a very lucrative opportunity for those who are bullish on the project.
Governance
Voting is live to approve “Whale” sponsorship of the Poapathon
Ecosystem
Gauntlet pushes another round of fee updates
Balancer Labs highlights Tempus Finance in their ongoing #BuiltonBalancer series
Kia from Balancer Labs published a community update on the forum
Markus from Balancer Labs publishes an overview of the new Merkle Orchard contracts