Overview
Mainnet V2 TVL currently sits at $673M up 11% from last week’s $607M. Current overall Mainnet TVL sitting at $913M. Polygon TVL is at $33M. TVL on Arbitrum stayed at around $12M compared to the previous week. The recently deployed Balancer on Optimism by Beethoven X sits at $8M TVL.
Daily LP revenues for Mainnet V2 averaged around $35k last week with daily LP revenue peaking at $49k on July 11th. Polygon daily LP revenue was on average at $4k.
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 30.75%.
Mainnet - wstETH/WETH - currently at 19.82%.
Mainnet - bb-a-USDT/bb-a-DAI/bb-a-USDC - currently at 6.79%.
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
Solarcurve sat down with StakeDAO to discuss all things Balancer.
Fernando will speak at EthCC about building on Balancer on July 20th.
Balancer Labs published an article about the use of the TimelockAuthorizer.
Governance:
Last week saw 1 vote on snapshot with the following outcomes:
[Yes: 2M veBAL; No: 1.7M veBAL] [BIP-28] Kill CREAM/WETH Gauge
The discussion around the deactivation of the CREAM/WETH gauge was long. The main points of the discussion revolved around if a very high percentage allocation of BAL to an underutilized pool serves the balancer protocol’s mission. The DAO governance has voted to deactivate the CREAM/WETH gauge.
Additional funding proposals on the forum are:
Orb Marketing Budget Proposal for the Remainder of Q3.
The intention here is to scale global utilization of the Balancer protocol via Developer marketing, Digital marketing, Events, Communications & PR
Funding Proposal for Daoism Systems: PROTOCOL REVENUE SHARING FOR POOL & FACTORY CREATORS
The intention here is to implement revenue sharing with pool and pool-factory creators to scale Balancer faster and incentivize protocols to build their applications on Balancer and contribute to their viability of business models.
The recently funded Balancer Maxis Service Provider will continue to manage the Balancer DAO Coordinape circle. This is a great opportunity to join the community and start your Balancer DAO journey.