Overview
Last week saw TVL decrease a lot in line with the market movement. Mainnet V2 TVL currently sits at $517M down 44% from last week’s $934M. Current overall Mainnet TVL sitting at $739M. Polygon TVL is at $53.3M down from last week’s $60.6M. TVL on Arbitrum decreased to $10M from last week’s $16.4M. The recently deployed Balancer on Optimism by Beethoven X sits at $3.6M TVL
Daily LP revenues for Mainnet V2 averaged around $64k last week with daily LP revenue peaking at $91k on June 13th. Polygon daily LP revenue was on average at $13k.
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 - 80%CREAM/20%WETH - currently at 43.11%.
Mainnet - wstETH/WETH - currently at 8.89%.
Mainnet - 80%BADGER/20%WBTC - currently at 9.57%.
Mainnet - bb-a-USDT/bb-a-DAI/bb-a-USDC - currently at 9.49%
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
With multiple protocols being built on $veBAL, Aura has accumulated 21.9% of voting power and is now ranked second.
@SalmonCrypto shares his thoughts on how $veBAL could be supercharged.
Forta and Nethermind will work on real-time monitoring of Balancer smart contracts via a grant.
Mark your calendars for the Balancer DAO June Update on June 29th 7pm CET.
Governance:
The following proposals are currently on snapshot to be voted on:
[BIP-9] Update Snapshot Parameters
[BIP-11a] Enable DFX/ETH 50/50 [Ethereum]
[BIP-12] Whitelist OlympusDAO Gnosis Safe for Balancer’s VotingEscrow
[BIP-13] Whitelist DFX Finance Gnosis Safe for Balancer’s VotingEscrow
A multitude of proposals are actively being discussed such as:
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 https://github.com/balancer-labs -Fernando