Overview
TVL reversed last week’s increase to settle at $2.49B at time of writing. LP’s had a nice week though, collecting $2.21M in fees on $740M of volume.
Incentivized BAL Liquidity Mining
Yields declined around 3.5% compared to last week. Relative weakness of BAL against ETH is the most likely cause. WETH now represents 30% of balancer TVL so any significant divergence between ETH and BAL price will directly effect yields.
Ecosystem
Balancer Labs is offering a 1,000 ETH bug bounty program for v2. Chad move.
Balancer v2 smart contracts are now live on mainnet
Element Finance talks about how they are utilizing Balancer V2 for flexibility and custom trading curves.
CoinMarketCap takes a deep dive into Balancer
Nsure Network adds coverage for Balancer
Alpha Finance relaunches Alpha Homora v2 on Ethereum
Governance
Voting to give Balancer Labs emergency pause authority is live this weekend
Voting to give Gauntlet Network the power to set swap fees is also live this weekend
Balancer v2 is Coming
With the developer launch now behind us and the first few test pools created, everything appears on track for the launch of the UI on April 28th. The liquidity mining program should begin within a week or two after that. Based on the forum discussion, consensus seems to be to only incentivize Tier 1 pools at the start and we’ll probably begin with BAL/WETH. I’ll be deploying some of my own pools as I’m sure many others will be, so no matter what it will be interesting to see what people come up with. As always, stay tuned to The Balancer Report for all the latest happenings!