Overview
TVL surged an impressive 25% this week to a new all time high of $2.54B. LP’s also had another solid week, collecting $1.63M in fees on $443M of volume.
Incentivized BAL Liquidity Mining
Yields saw another moderate decline of around 6% compared to last week. Continued growth in deposited assets and ETH seeing a relative outperformance this week are the most likely factors in play here.
Balancer v2 Launch Delayed
Governance
There’s a very important vote active this weekend to approve the new multisig in preparation for Balancer v2. As one of the proposed initial signers, I’m excited for the opportunity to continue building Balancer’s community towards the ultimate goal of a full-fledged DAO. Please vote!
Ecosystem
Marta from Balancer Labs wrote this great and very thorough guide to using Balancer Exchange.
Balancer Labs COO Kristen Stone highlighted as one of the top women in DeFi to watch.
Voters in Balancer governance have been airdropped KPI options from UMA project. Check out this dashboard for more information. Currently worth ~$450.
Element Finance confirmed as a V2 Launch Partner for their fixed-yield zero-coupon bond trading.
Learn about Radicle’s record breaking LBP which raised 24.73M USDC while distributing RAD to 1859 wallets.
Speaking of record breaking LBP’s, Illuvium just broke the record for the largest LBP by volume.