Overview
Mainnet V2 TVL currently sits at $2.28B up 38% from last week’s $1.65B. This is a record for TVL locked in Balancer V2. The previous record TVL ($2.03B) on V2 occurred on November 30th, 2021. Much of this can be attributed to the increase of the BB-A-USD pool, which went from $104M TVL last week to $305M TVL today. Current overall Mainnet TVL sitting at $2.7B. Polygon TVL is at $232M down from last week’s $253M. TVL on Arbitrum decreased to $76M from last week’s $81.5M.
Daily LP revenues for Mainnet V2 averaged around $91k last week. Daily LP revenue peaked at $212k. The uptick in LP revenue can be attributed to recent changes in the individual swap fees on some Mainnet pools. You can see the on-chain events here. Polygon daily LP revenue was on average at $23k.
Liquidity Mining
As currently most of the BAL emissions are assigned to pools by veBAL holders, 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 - 50%WETH/50%USDC - currently at 28.74%.
Mainnet - 33%bb-a-USDT/33%bb-a-DAI/33%bb-a-USDC - currently at 19.48%.
Mainnet - 50%YFI/50%WETH - currently at 13.37%.
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
Listen to what Kia from Balancer Labs has to say about Innovations in Defi.
With Paris Blockchain Week and Devconnect coming up, you can meet many Balancer ecosystem participants.
Great Twitter Thread by Balancer Labs on all things pool types. Dive straight in.
Learn how a Balancer Friendly Fork is utilizing Balancer Boosted Pools.
Balancer V2 is being used to provide market data as part of DIAs oracle service.
Fei DAO intends to lock 100% of the BAL held by the protocol in the veBAL system.
Governance & DAO
Governance:
With veBAL launched the forum has plenty of proposals and ideas such as:
[Vote] Enable COW/GNO 50/50 veBAL Gauge.
[Proposal] Allowlist Aura Finance in Balancer VotingEscrow.
[Proposal] Allow Tribe DAO to lock veBAL.
Calling all veBAL holders to make their voice heard on the current active snapshot proposals.