The Balancer Report
In the last week, and as always, Balancer kept building. And here, we update this report to all our followers and supporters.
Balancer: TVL and Stats - DefiLlama
Balancer's TVL is $1.74B. Distributed in the following manner:
The Total Mainnet TVL is $1.55B and there is an increase of about 1.97% compared to the $1.52B of the previous week. Being located in the tenth position according to TVL.
The Polygon TVL is at $164.09M, registering an increase of about 5.70% compared to the $155.24M of the previous week. Being in the third position according to TVL and very close to the second position.
Arbitrum TVL is at $32.25M, registering an increase of 1.73% compared to the $31.70M of the last week.
And finally, Balancer on Optimism by Beethoven X sits at $21.66M TVL.
This section will list the top three expected pools to receive most of the next period’s emissions. Voting is open for four more days, and the next period is scheduled to start on Thursday at 00:00 am UTC.
Mainnet - wstETH / WETH - currently at 18.81%.
Polygon - 20WETH-80BAL tetuBAL - currently at 17.87%.
Mainnet - BADGER / rETH - currently at 9.98%.
You can find an overview of the current LM incentives on the Balancer Mainnet below:
Gyro Finance launches their Proto version on Polygon!
The launch is capped to make sure the contract is well-tested before it goes live on Ethereum in Q2 2023.
Gyro utilizes a variety of innovative approaches that you can read more about here
Aave V3 is live on Ethereum!
Here’s what Stani Kulechov highlighted as the most outstanding part of it: “...new risk mitigation features, and its improved capital efficiency & decentralized liquidity…”
BeethovenX release their annual performance report.
The protocol saw over $7.2B in volume and more than $12M in collected fees in 2022.
The report also covers BeethovenX’s overall performance, top performing pools, treasury and more!
ParaSwap introduces Social Escrow and launches PSP 2.0.
Social Escrow changes the way staking incentives are distributed: “stakers now get incentives in native tokens (like #Ethereum) in exchange for adding value to the protocol”
The launch also inaugurates a new staking system and lowered emissions.You can find a detailed walkthrough in their help center.
Aura Finance drops their Rocket Pool case study, here are some highlights:
Balancer’s rETH-ETH pool has grown from $13M to over $66M since August last year
Its volume is up by 600% in the same time frame
One of the things that helped RocketPool achieved that is “incentivizing vlAURA to vote for rETH pools on Balancer”
Polygon held an AMA with Balancer.
We recapped the biggest milestones of 2022, discussed the current state of the industry and looked into what’s planned for 2023.
Make sure you listen to the recording to find out more!
Here are the current bribes on HiddenHand. The current round ends on February 2, 2023.
Aura Finance
We have previously mentioned Aura when we talked about Balancer’s friendly forks. We would now like to dive a bit deeper and cover it in more detail.
What is Aura Finance?
It’s a protocol built on top of Balancer that aims to provide additional value to BAL stakers, liquidity providers as well as $AURA lockers.
What is $AURA?
It is Aura’s governance token that facilitates their governance and contributes to additional benefits.
How does it work?
Aura wraps max-locked 80/20 BPT (that comes from the 80/20 BAL/ETH pool) and this allows it to:
Generate additional rewards for stakers
Leverage its voting power to benefit LPs
Give $AURA holders a way to participate in Balancer’s governance
Aura Finance also shares their rewards generated through BAL among $AURA holders.
You can learn more about Aura in their docs.
This week Dubstard shared a few warnings around:
Fake Balancer pages
Fake airdrop claims and malicious “support” pages
Last week saw 4 Snapshot votes with the following outcomes:
[BIP-162] Karpatkey Investment Strategy
[BIP-163] Restructure Governance Process - Disband Governance Council
[BIP-164] Deposit BAL into Aave Polygon v3
[BIP-165] Enable ankrETH/ETH Gauge on Ethereum
Balancer has a flourishing ecosystem. You’re welcome to contribute to it whether you’re a dev, a community person, or a graphic designer! We strive toward onboarding every new member in a smooth and personalized way.
Join the Ballers and start your Balancer journey now: http://discord.balancer.fi/
Are you looking for a grant? Learn more here.
If you speak Spanish, make sure you give Balancer Español a follow. And if you speak Portuguese, follow Balancer Brasil.