The Balancer Report
Every week we share the hottest ecosystem news and cover the most important governance developments. Let's dive in!
Balancer: TVL and Stats - DefiLlama
Balancer's TVL is $1.12B. Distributed in the following manner:
The Total Mainnet TVL is $957.51 and there is a decrease of about 2.14% compared to the $978.01M of the previous week. Being located in the twelfth position according to TVL.
The Polygon TVL is at $124.17M, registering a decrease of about 15.80% compared to the $143.80M of the previous week. Being in the third position according to TVL and very close to the second position belonging to Quickswap.
Arbitrum TVL is at $38.86M, registering an increase of 1.57% compared to the $38.25M of the last week.
And finally, Balancer on Optimism by Beethoven X sits at $34.81M 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.
Polygon - 20WETH-80BAL tetuBAL - currently at 17.66%.
Mainnet - wstETH / WETH - currently at 13.42%.
Mainnet - BADGER / rETH - currently at 9.89%.
You can find an overview of the current LM incentives on the Balancer Mainnet below:
Coinbase unveiled Base, their new Ethereum-based Layer 2 scaling solution. It will be built on top of the existing open-source OP stack. According to Coinbase, the goal is to “... make onchain the next online and onboard 1B+ users into the cryptoeconomy.”
Balancer is one of the launch partners and this means bringing Balancer Boosted Pools to Base from day one together with Aave and Euler Finance.The Balancer Bus is on the way! It will be dropping by a bunch of notable locations and you’re welcome to guess where it’s headed next.
The latest weekly staking deposits update is out! The series aims to highlight the numbers behind liquid staking and Balancer’s holdings.
Balancer is currently the largest rETH holder with close to 13.5% or $48,565,214. Its share of $wstETH and sfrxETH is around 7.4% and 3.5% respectively.
The update is authored by Tim BalabuchLast week Balancer’s twitter account highlighted Protocol Pools and how they make Programmable Liquidity possible.
Here’s a high-level overview:Balancer’s DEX integrations provide extremely deep liquidity, while Batch Swaps and Flash Loans attract arbitrageurs. All this combined with the Vault and Smart Order Routing brings greater swap efficiency and leads to lower gas costs.
Balancer’s audits and bug bounty program ensure that the mechanism is secure.Balancer partners with Aave to mark $GHO’s Aave implementation. Here’s how it works: Aave brings staked Safety Module tokens to Balancer's 80/20 AAVE/WETH pool.
This brings deeper liquidity and allows token holders to benefit from additional trading fees and rewards.Balancer Contributors Maria and Gleb took part in ANKR’s AMA on the future of DeFi. The call highlighted the variety of Balancer’s pools and the versatility of their use cases. It also touched upon some of the recent ecosystem developments and their significance.
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Here are the current bribes on HiddenHand. The round ends on March 2, 2023.
Bug Bounty
Security is an essential pillar of any DeFi protocol and Balancer is no exception. This is why there is a bug bounty program!
Here’s how it works:
Everyone who thinks they have found a bug can submit a report through the Immunefi page; it is then reviewed and categorized according to the Vulnerability Severity Classification System here are the levels:
Critical
High
Medium
Low
None
The program incentivizes white hats to report bugs and get rewarded for that instead of trying to exploit them. This contributes to Balancer’s longevity and sustainable growth and provides additional security.
Last week saw 10 Snapshot votes:
[BIP-195] Remove MAI Gauges on Polygon and Arbitrum
[BIP-197] Transfer 250k BAL to Balancer OpCo
[BIP-198] Creation of Ecosystem Council and Amended Self-Insurance Fund
[BIP-199] Enable PoolRecoveryHelper on v3 Pools
[BIP-200] Enable veLIT Gauge on Ethereum w/2% emissions cap
The following proposals are still active but all seem likely to pass:
[BIP-201] Enable bb-ag-USD Gauge [Gnosis]
[BIP-202] Enable bb-ag-GNO/bb-ag-USD Gauge [Gnosis]
[BIP-203] Enable bb-ag-GNO/bb-ag-WETH Gauge [Gnosis]
[BIP-204] Enable bb-ag WBTC/WETH/USD Gauge [Gnosis]
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/
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