Overview
Crypto markets moved broadly lower this week, sending mainnet v2 TVL back to $1.31B from $1.52B last week. On polygon, the downward trend over the last month continued with TVL now at $158M from $177M last week. Arbitrum is a bright spot however, as TVL climbed to $59M thanks to an increase in BAL distributions allocated there.
Increased volatility means increased trading activity which is being reflected in LP revenues. Mainnet daily average continues to hover near $100k, while polygon is maintaining ~$30k per day despite the continued drop in TVL. No data for arbitrum unfortunately.
Liquidity Mining
The juicy opportunities are on Arbitrum where several 80/20 pools have above market APR’s. Check out the list and if you see a token you’re bullish on, take advantage of low impermanent loss and high APR’s! There are only a few minor changes planned for next week which you can review here in Bakamoto’s spreadsheet.
Ecosystem
Gauntlet pushes another round of fee updates + another round
Gerg from Balancer Labs writes another great community update
Catch up on any recent discord events you’ve missed by listening to the recordings on soundcloud
GRO protocol will launch on Copper next week
Sourcecred is finally live!
Balancer Grants DAO gives a grant to Atlantis World