Overview
Mainnet V2 TVL currently sits at $813M up 21% from last week’s $673M. Current overall Mainnet TVL sitting at $1.062B. Polygon TVL is at $42.3M. TVL on Arbitrum stayed at around $12M compared to the previous week. The recently deployed Balancer on Optimism by Beethoven X sits at $9.4M TVL.
Daily LP revenues for Mainnet V2 averaged around $38k last week with daily LP revenue peaking at $53k on July 18th. Polygon daily LP revenue was on average at $7k.
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 - 40%WBTC/40%DIGG/20%graviAURA - currently at 30.73%.
Mainnet - wstETH/WETH - currently at 19.61%.
Mainnet - bb-a-USDT/bb-a-DAI/bb-a-USDC - currently at 6.58%.
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
BeethovenX shares a great tweet thread about how Balancer tech can drive protocol revenue when swap volume starts declining.
You can watch the recording about building on Balancer at ETHcc here.
Immunefi published a Review of their DoS Bugfix.
The Balancer protocol Medium account regularly shares great insights. This time about the BasePool.
Cron Finance’s grant application was approved to developed TWAMM functionality for Balancer.
Governance:
Last week saw 5 votes on snapshot with the following outcomes:
[Yes: 1.2M veBAL; No: 962 veBAL; Abstain: 27k veBAL] [BIP-32] Funding Proposal for Daoism Systems: PROTOCOL REVENUE SHARING FOR POOL & FACTORY CREATORS
[Yes: 1.8M veBAL; No: 0.41 veBAL; Abstain: 1.9k veBAL] [BIP-33] Orb Marketing Budget Proposal for the Remainder of Q3
[Yes: 1.3M veBAL; No: 0 veBAL] [BIP-31] Authorize the Batch Relayer v3
[Yes: 1.4M veBAL; No: 1.6M veBAL] [BIP-30] Purge Unused Gauges
[Yes: 1.4M veBAL; No: 0 veBAL] [BIP-29] Introduce GaugeAdder v2
Besides votes on snapshot currently discussed topics for Balancer governance are:
Their perspective on Balancer is that
the team’s focus of building platform features that enables other DAOs build on top of balancer, signals the untapped market that is DAO to DAO DeFi, we believe that Balancer is extremely early, and we are glad we can be a part of it as Wildfire.
[RFC] Revoke Hexagon’s Friendly Fork Status
Here the line of reasoning is that since their FF approval fours months ago there is no apparent progress on their launch. This could have a negative impact on the Balancer brand. Hexagon responded with a progress update that their launch is delayed partially due to external circumstances and them developing a novel type of boosted pool.
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.