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 $1.36bn. Distributed in the following manner:
The Total Mainnet TVL is $1.18bn and there is an increase of about 7.27% compared to the $1.10bn of the previous week. Being located in the eleventh position according to TVL.
The Polygon TVL is at $125.02mm, in which an increase of 5.30% is verified with respect to the $118.39mm 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 $43.83mm, registering an increase of 12.90% compared to the $38.82mm of the last week.
The Gnosis TVL is at $2.86mm, that is, a 34% increase compared to the previous week.
And finally, Balancer on Optimism by Beethoven X sits at $41.98mm 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 17.71%.
Mainnet - wstETH / WETH - currently at 12.72%.
Mainnet - BADGER / rETH - currently at 9.93%.
You can find an overview of the current LM incentives on the Balancer Mainnet below:
Balancer introduces the 80/20 BPT Launchpad!
Balancer’s 80/20 veTokenomics approach allows lockers to benefit from on-chain liquidity. Thanks to BIP-146, any protocol can now make the most out of this and leverage the many benefits 80/20 locking has for their own governance token.
There are a number of criteria that will be used to assess Launchpad applications:You can find a comprehensive overview here.
Balancer will join Stader for a special Twitter AMA in Spanish on March 30 at 8PM UTC.
Tune in if you speak Spanish and want to learn more about how Balancer and Stader work on making liquid staking available and easy to use.Olympus DAO’s governance forum gets a proposal that if approved would see Olympus spend up to $400,000 a week on gauge incentives “in order to increase OHM pair liquidity and accumulate additional strategic assets”
The proposal specifically mentions the following tokens:OHM
USDC
DAI
FRAX
Don’t hesitate to check the proposal out in full if you are interested in Olympus’ approach to gauge incentives.Aura explores how the upcoming Shanghai upgrade might affect staking and liquid staking derivatives.
The thread covers the current numbers behind the amount of staked ETH, Coinbase’s and Lido’s fees and highlights Rocket Pool’s recent plays that led to their TVL increase.Tetu introduces their new auto-rebalancing Balancer and Aura vaults on Ethereum!
This adds 5 new vaults including one for the Aave bbaUSD boosted pool, here’s the full list:Tim comes through with the latest Liquid Staking update:
Total Staked ETH: Ξ17,770,201
Staked Share of ETH Supply: 14.75%
Balancer remains the largest rETH holder
Here are the current bribes on HiddenHand. The round ends on March 23, 2023.
Gnosis Chain
As we know, a few days ago Balancer was launched on Gnosis Chain. But what is it and how does it work?
Well, in a nutshell, Gnosis is an Ethereum Virtual Machine based chain. It’s an L2 solution that offers affordable transactions that are backed by Ethereum’s security.
Why choose Gnosis? Here are a few use cases:
Fast transaction times (5 seconds) & low transaction fees (500 tx for $.01).
A stable token for transactions & gas fees (xDAI).
Smart Contract, DApp & toolset compatibility with other Ethereum-based chains like Ethereum, Ethereum Classic, BSC and others.
Full-featured explorers Gnosisscan and BlockScout.
Wide-ranging Community Support.
Growing ecosystem designed to support stable person-to-person transactions, micro transactions, conference currencies, community currencies, DeFi, NFTs, DAOs, games and more.
Balancer’s deployment on Gnosis signals that the DAO keeps an eye on the latest developments in the L2 space and reacts accordingly. This move is set to bring even more liquidity into the ecosystem which is undoubtedly a win.
You can learn more about GnosisChain in their docs.
Last week saw 5 Snapshot votes:
[BIP-211] Kill Euler Boosted Pool Gauges
[BIP-212] Deploy Balancer to zkSync
[BIP-213] Whitelist Yearn’s yBAL Voter Contract for veBAL
[BIP-214] Enable Permissions for BatchRelayer v5
[BIP-215] Funding Proposal for Messari Reporting 2023 [second vote]
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.