Overview
Mainnet V2 TVL currently sits at $938M up 9% from last week’s $859M. Current overall Mainnet TVL sitting at $1.22B. Polygon TVL is at $47.1M. TVL on Arbitrum increased to $13.8M. The recently deployed Balancer on Optimism by Beethoven X sits at $2.6M TVL.
Daily LP revenues for Mainnet V2 averaged around $49k last week with daily LP revenue peaking at $112k on August 12th. Polygon daily LP revenue was on average at $4.2k.
Liquidity Mining
This section will list the top three expected pools to receive most of the next period’s emissions. Voting is open for 3 more days and the next period is scheduled to start on Thursday at 00:00 am UTC.
Mainnet - 40%WBTC/40%DIGG/20%graviAURA - currently at 34.49%.
Mainnet - wstETH/WETH - currently at 15.85%.
Mainnet - WMATIC/stMATIC - currently at 8.07%.
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
OlympusDAO is debating acquiring Balancer governance power through veBAL and/or Aura.
Powerpool is looking to utilize Balancer’s V2 architecture to launch $LUCY - an automated stable yield option.
Governance:
Current discussions on the forum revolve around utilizing part of the idle BAL Tokens in the treasury to put them to work in DeFi.
Last week saw 3 votes on snapshot with the following outcomes:
[Yes: 408k veBAL; No: 0k veBAL] [BIP-40] Enable FOLD/ETH 50/50 Gauge [Ethereum]
[Yes: 349k veBAL; No: 0 veBAL] [BIP-41] Whitelist THX Network Gnosis Safe multisig for Balancer’s Vote-Escrow
[Yes: 640k veBAL; No: 0 veBAL] [BIP-42] Enable rETH/weth Metastable Gauge [Optimism]
Community contributor 0xDanko launched a study-group initiative, focusing on growing the Balancer community and potential contributors. Acknowledging that the learning curve on Balancer might be overwhelming sometimes. If you have input, reach out to him on Discord.