The Balancer Report
Every week we share the latest ecosystem news and cover the most important governance developments. Let's dive in!
The Total Mainnet TVL is $973.05mm and there is a decrease of about 4.60% compared to the $1.02bn of the previous week.
The Polygon TVL is at $119.66mm.
Arbitrum TVL is at $74.21mm, registering a decrease of 8.35% compared to the $80.97mm of the last week.
The Gnosis TVL is at $17.86mm.
And finally, Balancer on Optimism by Beethoven X sits at $43.16mm TVL.
As for our liquid wrappers, they are under the following parity to veBAL:
Those holding bb-e-USD in Euler’s Boosted Pools can now withdraw their funds by following the steps outlined in this guide brought to you by Balancer Maxis.
As per the Twitter post, it would be best to proceed with this as soon as possible if you are eligible.
Don’t hesitate to reach out through Discord should there be any further questions.
Binance Earn is entering the Balancer ecosystem through a dual LST$WBETH / $wstETH pool.
Balancer’s innovative tech stack once again proves to be unmatched as it allowed Binance to set up the pool as a dual LST one which gets the liquidity flywheel moving. This allows “Balancer to take a fee on Yield Bearing (YB) tokens and pass the benefits along to users.”
The flywheel also facilitates high capital efficiency and incentive growth. The deployment demonstrates Balancer’s willingness to engage with various parts of the space which is supported by the large number of currently available pool types.
The ve80/20 model has brought various benefits to the ecosystem including deep(er) liquidity and better incentive alignment.
It is one of the pillars that help the Balancer ecosystem move ahead. Its effects are however not ecosystem-specific and other projects are welcome to utilize the benefits that 80/20 has to offer.
Balancer invites protocols to join the 80/20 initiative by filing out the linked form.
Gleb took part in Ankr’s fireside chat that explored the challenges and opportunities that cross-chain staking brings.
The roundtable discussion highlighted DeFi’s resilience and permissionless nature that make concepts such as staking accessible to all and also focused on tackling onboarding complexity as one of the biggest hurdles the industry is currently facing.
Kassanda DAO which we covered in one of the recent editions has launched $pHYPE, which is a “ tokenized portfolio of the 12 most socially active tokens on Polygon”.
It is also the first managed pool created through Balancer’s tech on Polygon. This deployment once again illustrates the versatility of the tech stack and the openness of the Balancer ecosystem that both protocols and users can benefit from.
Balancer’s LST liquidity numbers keep growing, here’s the latest overview:
Total Staked ETH: Ξ 19.626.439 / Staked Share of ETH Supply: 16.43%
Balancer remains the largest $rETH, the 2nd largest $sfrxETH and the 5th largest $wstETH holder.Make sure you check the latest thread out in full for more details!
Three Sigma take a deep dive into Impermanent Loss calculation and derive the IL formula that can be found below:
They also prove its validity for two- and multiple-token pools. You can check the article for the full breakdown.
The Karpatkey team comes through with the latest edition of their weekly report on Balancer DAO’s farms.
There haven’t been any major changes since last week and you can find the new report in full here.
Here are the current bribes on HiddenHand. The round ends on May 18, 2023.
This section will list the top three expected pools to receive most of the next period’s emissions. Voting is open for four more days, and the next period is scheduled to start on Thursday at 00:00 am UTC.
Mainnet - graviAURA / auraBAL / WETH - currently at 11.03%.
Mainnet - wstETH / WETH - currently at 9.37%
Mainnet - BADGER / rETH - currently at 8.69%
You can find an overview of the current LM incentives on the Balancer Mainnet below:
Last week saw 7 Snapshot votes with all of the proposals being approved:
[BIP-285] New Linear Pool Factory Permissions
[BIP-286] Enable FRAX/bbamUSD v3 Gauge [Polygon]
[BIP-287] Enable UZD/bb-a-USD gauge w/2% emissions cap[Ethereum]
[BIP-288] Disable last generation pool factories
[BIP-289] Grant Maxis Permissions to Add Gnosis & zkSync Gauges
[BIP-290] Designate ALCX/ETH 80/20 as a Core Pool (with 10% emissions cap)
[BIP-291] Proposal to replace 80/20 USH/unshETH gauge
This week Dubstard brings another set of warnings:
Do not open any links sent to you in DMs from any one pretending to be a "mod", "admin" "staff member" and etc.
Do not message anybody offering help if you DMs them first, those are scammers.
Cointelegraph's twitter posted a link to a dubious discord "verification" or someone squatted their discord short link.
If you see on Discord a "mee6" link asking you to drag anything, be sure that this is a scam that will steal your tokens.
Remember, Balancer Labs operates primarily under the following domain:
https://balancer.fi/
Balancer has a flourishing ecosystem. You’re welcome to contribute to it whether you’re a dev, a community person, or a graphic designer! We strive toward onboarding every new member in a smooth and personalized way.
Join the Ballers and start your Balancer journey now: http://discord.balancer.fi/
Are you looking for a grant? Learn more here.
If you speak Spanish, make sure you give Balancer Español a follow. And if you speak Portuguese, follow Balancer Brasil.
This article is for informational and educational purposes only. It should not be construed as investment or trading advice or a solicitation or recommendation to buy, sell, or hold any digital assets. Transactions on the blockchain are speculative. Carefully consider and accept all risks before taking action.