Overview
Mainnet V2 TVL currently sits at $2.4B with minimal changes from last week. Current overall Mainnet TVL sitting at $2.8B. Polygon TVL is at $211M down from last week’s $238M. TVL on Arbitrum decreased to $65M from last week’s $77M.
Daily LP revenues for Mainnet V2 averaged around $62k last week with daily LP revenue peaking at $92k on the 21st of April. Polygon daily LP revenue was on average at $15k.
Liquidity Mining
This section will list the top three expected pools to receive most of the next period’s emissions. Voting is open for 4 more days and the next period is scheduled to start on Thursday at 00:00 am UTC.
Mainnet - 50%WETH/50%USDC - currently at 20.7%.
Mainnet - 50%YFI/50%WETH - currently at 10%.
Mainnet - veBAL - currently at 9%.
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
Qi DAO is joining the veBAL wars with voting incentives.
Protofire is researching the Balancer protocol’s user needs with a community survey.
Governance & DAO
DAO spotlight - Devconnect in Amsterdam: Thoughts from @cryptocomical (DAO contributor)
Over the last week, some members of Balancer DAO met in Amsterdam, with DAOs being a novel form of organizational setup, this week has furthered discussion of multiple perspectives on how to organize people within a DAO to enable smooth operations. The DAOist event was a great experience to learn from already more established DAOs in the space of what works well and what to avoid. Overall as a member of the Balancer DAO Devconnect has been a great experience and I look forward to utilising the experiences of the team here this week to continue to help build, grow and improve Balancer DAO.
Governance:
There is currently one vote active on snapshot:
Multiple proposals are up on the forum such as allowlisting Aura Finance and Aave Mainnet Reserve Factor.
The Balancer DAO appreciates the vote of trust from all veBAL holders to continue to fund the Balancer DAO for Q2 2022.