Overview
Balancer TVL is up only on the charts - credit to the analytics team at Balancer Labs as these Dune dashboard just get better and better. Main net v2 TVL is at $1.08B, up from last week’s $974M and above $1B for the first time. Polygon TVL climbed to $212M up from $176M last week.
Main net swap fees continue to chug along in the $60k/day range. Lifetime number just crossed $4.4M as of today.
Polygon swap fees appear to be gaining strength over the last week, escaping the $20k/day floor and moving towards $30k/day average. Trading in MATIC picked up this week as the price rose more than 30% which is likely the driving force behind this. Lifetime number crossed above $830k this week.
Liquidity Mining
USDC/GRT rewards APR edged down about 20% compared to last week, now sitting at 76%. GRT +36% this week might helping just a bit. UMA/USDC virtually unchanged versus last week. Otherwise, business as usual. The liquidity mining committee will be adding a GNO/WETH pool and a wstETH/WETH pool starting Monday and removing GRT/USDC (rip) plus taking 2,500 BAL away from AAVE/WETH v1 pool.
See bakamoto’s table for the liquidity mining changes this week.
Ecosystem
Gauntlet pushes another round of fee updates
CowSwap is moooving out of alpha!
Balancer protocol is coming to Moonbeam Network (not a Balancer Labs deployment)
Check out the audio recording of the technology update meeting this week if you missed it
Balancer Labs CEO Fernando posted a fantastic article about his vision for the protocol
Baller Joey Wong was interviewed by Multifarm.fi
Final results from the token engineering simulations program
Balancer’s unique uneven pools are highlighted in a recent research piece from Mechanism Capital
Governance
Gerg posted a request for comment about allocating BAL rewards to Arbitrum
Gerg also posted another great community update about recent Balancer Labs developments
I posted a proposal to fund vested Baller payments for the next 3 months
Voting is live to establish Balancer Grants DAO
Voting is live to authorize Gnosis Protocol contracts as a Vault Relayer on Balancer V2
Voting is live to empower the Liquidity Mining Committee to allocate BAL rewards to Arbitrum
Voting is live to authorize LidoRelayer
Great stuff