Overview
Balancer v1 metrics continue to look better than ever. TVL increased to a fresh all time high of $3.48B while LP’s collected $2.91M in fees on $1.09B of volume. This marks the first week in Balancer’s history with volume above $1B!
Incentivized BAL Liquidity Mining
Yields continued their slow march lower, down by about 2% compared to a week ago as ETH continues to strongly outperform most other cryptos.
Balancer V2 is Live
The big day finally arrived a few days ago as the UI for V2 was officially launched. You can read the launch announcement here. Liquidity incentives should go live in the next couple weeks, most likely starting with BAL/WETH. There was a great AMA on launch day held in Twitter Spaces but if you missed it, fear not as another one will be held on Monday, May 17th at 5pm UTC in the Balancer discord featuring CEO Fernando and Community Manager Marta using this link: https://discord.gg/uZYjHckr
Ecosystem
The Balancer V2 bug bounty is now valued at over $4 million
0x API integrates Balancer V2 liquidity
PowerPool announces ecosystem partnership with Balancer Labs
DeFiance Capital writes a piece about the Single Vault Model used in Balancer v2
Governance
A vote is live this weekend to allow Gauntlet to set swap fees on two-token TWAP oracle pools.