Overview
Mainnet V2 TVL increased by about 16% over the course of last week. It currently sits at $1.58B up from last week’s $1.36B. Current overall TVL sitting at $1.99B. Polygon TVL is at $238M from last week’s $229M. TVL on Arbitrum increased to $80M from last week’s $79M.
Daily LP revenues for Mainnet V2 averaged around $32k last week. Polygon daily LP revenue was on average at $17k.
Liquidity Mining
Not much will change for the liquidity mining incentives for the upcoming week. Keep in mind that with the transition to veBAL the liquidity mining committee of the Balancer DAO will be allocating 14,500 BAL to strategic partnerships for the Balancer protocol. More information can be found in the veBAL tokenomics post by Fernando.
Ecosystem
Do you have any questions on the transition to veBAL? Fernando will answer your questions during the upcoming AMA on March 28th, at 2 pm EST.
A primer on veBAL is also accessible on Medium. Go take a look!
Sense Finance shows what an AMM #BuiltOnBalancer is all about.
Balancer Grants subDAO published the wave 3 Final report.
Join the Balancer DAO for an AMA with Sense on March 29th, 6 pm CET in Discord.
Join the Balancer DAO for its monthly update on March 30th, 7 pm CET in Discord.
Join the Balancer DAO for its Grants Roundup #3 on March 31th, 3 pm CET.
Kia from Balancer Labs posts a community update on the forum.
Governance & DAO
subDAO spotlight - community dev subDAO: Shared by Xeonus:
Over the coming month the community dev subDAO will focus on launching the beta build of an alaytics platform for all chains on https://balancer-v2-info.web.app/. This will also include the migration of incentive statistics. Furthermore push for a polished beta launch of balancer.tools as revamped site including impermanent-loss and price impact calculators with the intention of helping people make better informed decisions about Balancer.
The second Coordinape circle is about to come to a close
Governance:
Three new votes are up on snapshot for the Balancer community to come to a consensus on:
[Vote] Polygon: Authorize Batch Relayer V2 for USD+ Boosted Pool.
[Vote] Hand Over Swap Fee and Amplification Factor Control to the BalancerDAO.
[Vote] Symmetric Friendly Fork.
[Proposal] DAO Multisig Signer Replacements.
treasury subDAO swept and invested accrued protocol fees on behalf of the DAO. Future sweeps will see 75% of protocol fees distributed in the form of bbaUSD to veBAL lockers and 25% invested for the DAO.