Overview
Last week saw a big drop in TVL. Mainnet V2 TVL currently sits at $0.99B down 52% from last week’s $1.89B. Current overall Mainnet TVL sitting at $1.22B. Polygon TVL is at $83M down from last week’s $165M. TVL on Arbitrum decreased to $29M from last week’s $41M.
Daily LP revenues for Mainnet V2 averaged around $154k last week with daily LP revenue peaking at $284k on May 12th. Polygon daily LP revenue was on average at $34k.
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 - 33%bb-a-USDT/33%bb-a-DAI/33%bb-a-USDC - currently at 19.87%.
Mainnet - 70%WETH/30%FEI - currently at 10.93%.
Mainnet - 80%LDO/20%WETH - currently at 9.31%.
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
A benevolent hacker disclosed a potentially exploitable vlulnerability. No users funds are at risk.
Around 1 year ago Balancer V2 was launched. Read more about the acomplishments here.
Kia shares how future DeFi infrastrucute can look like.
Governance:
The Balancer governance forum now has a Delegate section. One of the current Ballers (Xeonus) already introduced himself as a potential Delegate for the Balancer governance there. You can read about him here. More information about the Delegation mechanism can be found here.
Latest closed votes on snapshot are:
Whitelist Index Coop's Investment Account Gnosis Safe for Balancer's VotingEscrow
Whitelist VitaDAO Gnosis Safe multisig for Balancer’s VoteEscrow
Whitelist DAOhaus LPDAO Gnosis Safe multisig for Balancer's VoteEscrow
Do you want to work with Balancer? “Best application for a tech job is making a PR with a meaningful improvement and clean code. @balancer is fully open source and we are hiring: come apply on -Fernando