Overview
Total Mainnet TVL is $1.2B. Said amount is made up of $242M from V1 and $965M from V2. And we can see an increase of 10% compared to last week.
Polygon TVL is at $43.9M, registering an increase of 9% compared to the $40.1M of the previous week.
Arbitrum TVL increased to $13.0M with minimal changes.
Balancer on Optimism by Beethoven X sits at $4.3M TVL, doubling the TVL of the previous week.
In general, we can conclude that all the networks registered increases in their TVL. With Optimism being the best performer, thanks to Rocket Pool.
Daily LP revenues for Mainnet V2 averaged around $53k last week with daily LP revenue peaking at $98k the first of September.
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%BADGER/20%WBTC - currently at 29.53%.
Mainnet - wstETH/WETH - currently at 16.20%.
Mainnet - B-80BAL-20WETH/auraBAL - currently at 8.83%.
You can find an overview of current LM incentives on Balancer Mainnet below:
Ecosystem
Balancer Labs, @mrnventuro discussed "Towards Verifiably Secure Governance" at the first annual #DeFi Security Summit. You can watch the video here.
Index Coop has proposed a new index called dsETH(the Diversified Staked ETH Index) that will be built through a managed pool on Balancer.
Want to learn more about how Balancer’s smart contracts work? Make sure you check this thread out.
The “Rocket Fuel” $WETH / $rETH Pool is live on Beethoven X and the first tranche of planned rewards is now available!
Fjord Foundry is the latest #BuildOnBalancer project!
Please be aware of fake Balancer pages, such as the one outlined in this tweet and this one (h/t dubstard)
Balancer DAO is kickstarting the international ambassador program. Do you speak languages beyond English, Spanish and Chinese? Make sure you fill out the form!
Here are the currently available bribes, the round ends on September 8:
Governance:
Last week saw 4 votes on Snapshot with the following outcomes:
[BIP-56] Re-enable CREAM/WETH 80/20 Gauge [Ethereum]
[BIP-57a] Introduce Gauge Framework v1
[BIP-57b] Introduce Gauge Framework v1
[BIP-58] Increase Snapshot Quorum:
Get involved
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 towards onboarding every new member in a smooth and personalized way.
Join the DAO and start your Balancer journey now!
P.S. Looking for a grant? Please fill this form out and we’ll get back to you with the next steps.