Overview
Last week saw a slight decrease in TVL. Mainnet V2 TVL currently sits at $934M down 6% from last week’s $992M. Current overall Mainnet TVL sitting at $1.14B. Polygon TVL is at $53.3M down from last week’s $60.6M. TVL on Arbitrum decreased to $16.4M from last week’s $18.4M. The recently deployed Balancer on Optimism by Beethoven X sits at $4.4M TVL
Daily LP revenues for Mainnet V2 averaged around $35k last week with daily LP revenue peaking at $46k on June 7th. Polygon daily LP revenue was on average at $7k.
Liquidity Mining
This section will list the top three expected pools to receive most of the next period’s emissions. Voting is open for 4 more days and the next period is scheduled to start on Thursday at 00:00 am UTC.
Mainnet - 80%CREAM/20%WETH - currently at 44.6%.
Mainnet - wstETH/WETH - currently at 10.05%.
Mainnet - 80%BADGER/20%WBTC - currently at 9.92%.
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
Stake DAO released Liquid Locker - Voting power with no lock-up for veBAL.
Aura Finance LBP has 2 days left.
Prime DAO launches Prime Pools a Balancer reward optimizer.
Read the latest Balancer Grants Monthly Update #7.
0x70626a.eth successfully prototyped a TWAMM feature in a Balancer custom pool.
Solarcurve publishes a proposal requesting 500k OP tokens to build out the Balancer ecosystem on Optimism.
Listen to the Balancer <> Atlantis World AMA.
Listen to the Balancer <> Stake DAO AMA.
Governance:
During the last week the following proposals were voted on:
[yes: 201k - no: 356k] Tribe DAO: Unclaimed BAL Rewards
[yes: 260k - no: 0] Implement New Gauge Requirements
[yes: 134k - no: 0] Allocate BAL towards Ethereum<>Optimism Bridge Liquidity
[yes: 109k - no: 493] Operating Framework for Balancer DAO
[yes: 149k - no: 0] Allowlist GnosisDAO's treasury in VotingEscrow
A multitude of proposals are actively being discussed such as:
[Proposal] Fund the Balancer Maxis for Q3
With the vote on a new operating Framework for the Balancer DAO coming to a close, community member Gleb shares his view on the the proposal.
The new proposal aims to streamline the funding process by adding clear accountability mechanisms and creating a delegate system.
One of the main ideas behind the proposal is outlining clear domains of operation, which would allow contributors to easily coordinate between various service providers (SPs) even if there’s a slight overlap in responsibilities.Accountability is ensured by monthly recorded community calls, summaries and meetings, all of which are mandatory. The few risks involved could be reduced by continuous engagement involving all the interested parties.
By ensuring that veBal holders and delegates act in good faith, Balancer aims to move towards a bright future while providing efficient and sufficient funding to its contributors.[BIP-1] is a great step towards making the operations of the DAO more transparent and effective. If passed, it will likely benefit Balancer in both the short and the long term.
Do you want to work with Balancer? “Best application for a tech job is making a PR with a meaningful improvement and clean code. @balancer is fully open source and we are hiring: come apply on https://github.com/balancer-labs -Fernando