Overview
V2 TVL increased to $352 million from last week’s $243 million. With only two more weeks remaining before BAL rewards are fully migrated, it will be interesting to see if migration accelerates or if a lot of LP’s decide to stay on v1.
Liquidity Mining
Still some decent yields if you happen to want to LP REN, COMP, or GTC. Next week the Ballers are adding another 5k BAL to BAL/WETH, upgrading USDC/WETH to 5k BAL, allocating 12.5k BAL to AAVE/WETH v1 pool stakers, and adding MATIC/WETH and DPI/WBTC/WETH at Tier 4 for 1k BAL/wk.
Balancer will be deploying to polygon as soon as next week. Once that happens, we’ll kick off liquidity mining with MATIC + BAL rewards. My current thinking is to have two pools - WETH/USDC/WMATIC/BAL 1% fee and WETH/USDC/WMATIC/BAL/AAVE/WBTC/LINK 0.05% fee. This taps into the active trading on USDC/WMATIC pairs and we can see how 1% vs 0.05% fee performs. I think we can see some very strong fee earnings and volume from this design. We’re definitely open to feedback about what farm pools the community would like to see, so please discuss in #governance in balancer discord if interested.
Governance
A vote is live to allocate BAL to AAVE/WETH v1 pool stakers. If passed, this will go into effect Monday.
Gauntlet has updated fees for Balancer v2 pools that are dynamic fee enabled. You can see the changes here.