The Balancer Report
For the week ending February 26th, 2022
Overview
Mainnet V2 TVL is currently down to $1.28B from last week’s $1.43B. Current overall TVL sitting at $1.6B. Polygon TVL is at $223M from last week’s $234M. TVL on Arbitrum decreased to $75M from last week’s $78M.
Daily LP revenues for Mainnet V2 averaged around $46k last week. This is double the average daily revenue for the week before. On February 24th daily LP revenue peaked at $100k. Polygon daily LP revenue was on average at $21k.
Liquidity Mining
There are no changes to liquidity mining incentives in the coming week.
Ecosystem
If you missed panels from ETHDenver you can watch the recordings here:
Exploring the DAO2DAO Future - Jeremy Musighi
The Rise of Symbiotic DeFi Protocols - Fernando Martinelli et al.
The Balancer DAO February Update was hosted in the Balancer Discord & Balancer DAO had two AMAs last week. Listen to the recordings here:
The first-ever Balancer DAO Coordinape circle will come to a close end of February. See a current visualization of all the active participants here:
Cosme Fulanito - a recent contributor - has the following to say about the tool:
As a new contributor, the Balancer DAO Coordinape circle has been a great tool for me to see my contributions rewarded. I am looking forward to increasing my engagement & contributions over the next months.
Overall the Coordinape Circle for February has been a success.
Governance
There are currently two active proposals for the Balancer DAO on snapshot.
Authorize Treasury subDAO to Allocate BAL to Turbo.
Currently in the Draft state a proposal to hand over Swap Fee Control to the Balancer DAO. Read more:
[Draft] Proposal: Hand Over Swap Fee Control to the Balancer DAO.
Kia will be speaking on permissionless DeFi infra on March 1st, 4 PM EST.
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