Overview
Mainnet V2 TVL currently sits at $491M down 6% from last week’s $522M. Current overall Mainnet TVL sitting at $695M. Polygon TVL is at $34M. TVL on Arbitrum stayed at around $10M compared to the previous week. The recently deployed Balancer on Optimism by Beethoven X sits at $8.2M TVL.
Daily LP revenues for Mainnet V2 averaged around $21k last week with daily LP revenue peaking at $31k on June 30th. Polygon daily LP revenue was on average at $5k.
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 32.73%.
Mainnet - wstETH/WETH - currently at 21.47%.
Mainnet - 80%BADGER/20%WBTC - currently at 7.17%.
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
The Balancer DAO June update is available on Soundcloud.
Balancer Grants wave 4 has commenced. Find a summary here.
Balancer & Beethoven X governance fund program being voted on.
Balancer Maxi Office hours will happen every Monday at 5 pm CET in Discord.
Governance:
Since the addition of the “Delegate citadel” area on the forum, many Delegates came forward. The latest collective you can delegate votes to is:
“Governance House” - a collective with a strong DeFi background.
Last week saw 9 votes on snapshot with the following outcomes:
[Yes: 593K veBAL; No: 4 veBAL; Abstain: 91K veBAL] [BIP-22] Fund Balancer Grants for Q3
[Yes: 22K veBAL; No: 228K veBAL; Abstain: 89K veBAL] [BIP-21] Funding Proposal for Ecosystem Ops and Development Squad
[Yes: 1.8M veBAL; 1.6M veBAL: tbd.; Abstain: 27K veBAL] [BIP-20] Funding Proposal for Orb Collective
[Yes: 2.1M veBAL; No: 0veBAL] [BIP-7] Enable auraBAL/[8020 BAL/WETH bpt] Gauge [second vote]
[Yes: 2M veBAL; No: 3.4 veBAL] [BIP-25] Enable AURA/ETH 50/50 Gauge
[Yes: 276K veBAL; No: 191K veBAL] [BIP-24] Allocate BAL to a Ribbon Finance Vault
[Yes: 2.1M veBAL; No: 955 veBAL] [BIP-19] Incentivize Core Pools & L2 Usage
Two votes are still active for the next 2 days. These are:
[Yes: 240K veBAL; No: 386K veBAL] [BIP-23b] auraBAL/ETH/graviAURA Gauge [Ethereum]
[Yes: 214K veBAL; No: 421K veBAL][BIP-23a] AURA/ETH/graviAURA Gauge [Ethereum]
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. I want to take this opportunity to highlight the contributions from community member Gleb. His first epoch as part of the Balancer DAO Coordinape circle was a success.