The Balancer Report

For the week ending January 22, 2022

Overview:

As of 20.01.2022 TVL is sitting at $2.19B worth up from $2.18B. TVL mostly held steady from 13.01.2022 onward. Mainnet V2 now holds 2.16 times the TVL of V1. This is an increase from last week’s 2.06.

With today’s downtick in the market TVL on Polygon decreased to $212M from $224M last week and TVL on Arbitrum is sitting shy of $70M.

Revenue for LPs over the last week was on an average $22.2k daily for V2 on Mainnet. Polygon came in slightly lower with around $18k avg daily LP revenue.

V2 mainnet revenue - https://dune.xyz/balancerlabs/Balancer-V2-LP-Revenues

V2 Polygon revenue - https://dune.xyz/balancerlabs/Balancer-V2-LP-Revenues

Liquidity Mining

For the upcoming week a few changes to the LM incentives will happen. 12500 BAL will be removed from the AAVE <> WETH pool. This pool will receive 0 BAL. This reduction is motivated by the switch to AAVE V2 LM incentives, which could be started in the coming weeks. These free BAL will be allocated to the bb-a-USD pool. This pool will now receive 17500 BAL.

Additionally, 2500 BAL will be removed from MKR <> ETH pool and 2000 BAL allocated to Element.finance pools. Otherwise there are no major changes.

Below you see an excerpt from last week’s LM incentive on mainnet.

LM incentive on mainnet

Ecosystem:

• Fei is voting on moving FEI/ETH liquidity to Balancer

• There was an AMA with Colony on the Balancer Discord:

• Olympus is moving $50M in liquidity to Balancer

• Balancer Grants share their Wave 2 Final Report

Governance

• Last week marked the formal acceptance of the Balancer DAO establishing subDAOs to develop a sustainable, self-executing organization.

• There is a proposal on the forum to deploy Balancer on Optimism. Great opportunity to voice your opinion.

Interested in building on Balancer? Take a look at our request for proposals page and connect with the grants team.