Overview
TVL surged to a new all time high of $3.08B driven by ETH’s continued push higher. LP’s collected $2.27M in fees on $670M of volume marking the second week in a row with earnings above $2M.
Incentivized BAL Liquidity Mining
Yields were slightly lower by 1% compared to a week ago, though the number of LP’s increased from 679 to 690.
Ecosystem
Balancer Labs joins the Asia DeFi Network
1inch Network integrates Balancer v2 liquidity into their aggregator
PENDLE completes their LBP
Two more equities synths added to the SNX farming from providing liquidity in Balancer pools.
Balancer Labs partners with Token Engineering for Open Science in DeFi
Gnosis and Balancer announce their new initiative - the Balancer-Gnosis-Protocol (BGP).
Big brain twitter thread about what the BGP is all about.
Praise for the new v2 UI is coming in from The Daily Gwei
Balancer v2 UI Release Delayed
Balancer Labs announced this week that the release of the v2 UI would be pushed for two weeks to give the UI/UX team more time to work on it. To make up for it, we got the big partnership announcement with Gnosis which is really exciting. Meanwhile, Balancer v1 has more TVL than ever and LP’s are earning more than they ever have on a consistent basis.