Overview
With the continued market uptrend, Mainnet V2 TVL is currently at $1.47B with overall TVL at $2.11B. Polygon TVL is at $230M from last week’s $215M. TVL on Arbitrum increased to $80M from last week’s $62M.
Daily LP revenues for Mainnet V2 averaged around $24k last week and Polygon daily LP revenue averaged around $21k.
Liquidity Mining
On Mainnet LM incentives will not change. The biggest change on Polygon is the reduction of 300 BAL per week from the Qi/BAL pool. This pool will now receive 0 BAL per week. All 15,000 Qi per week will also be ending for the Qi/BAL pool. The WETH/VSTA pool on Arbitrum will receive 1,000 BAL per week going forward.
Ecosystem
Tribe DAO pitched their Turbo product and is looking to have Balancer as a launch partner. Head to the treasury channel on Discord to read more and contribute to the preliminary proposal.
Listen to the AMA with Dexpools held in the Balancer Discord.
Beethoven is using Balancer’s Boosted Pools to bring increased yield to their stablecoin pools on Fantom.
Governance
Listen to the AMA recording on the veBAL proposal held on twitter spaces.
The vote is live for Balancer protocol to adapt veBAL tokenomics. Go vote here!
Multiple proposals are on the Forum with one of them being a proposal to increase the Protocol Fee and to implement protocol revenue sharing for pool creators.
DAO ops
The second video creation bounty is live. This time about the benefits of using Balancer’s 80/20 pools over 50/50 pools. Take home price is $1000 paid in $BAL.
Mark your calendars for next week’s upcoming AMAs. ZooDAO on Feb 16th - 6pm CET, FloorDAO Feb 17th - 5pm CET.
Ever wanted to meet the people behind Balancer Labs and the Balancer DAO? Join us at ETH Denver from February 11 - 20 at the booth or come by ETHDenver’s Valentine’s Day Party.