Overview
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Mainnet V2 TVL currently sits at $834M up 3% from last week’s $813M. Current overall Mainnet TVL sitting at $1.091B. Polygon TVL is at $46.5M. TVL on Arbitrum stayed at around $12M compared to the previous week. The recently deployed Balancer on Optimism by Beethoven X sits at $7.3M TVL.
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Daily LP revenues for Mainnet V2 averaged around $38k last week with daily LP revenue peaking at $77k on July 28th. Polygon daily LP revenue was on average at $6k.
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 - 40%WBTC/40%DIGG/20%graviAURA - currently at 32.5%.
Mainnet - wstETH/WETH - currently at 20.17%.
Mainnet - 50%WETH/50%Aura - currently at 7.73%.
You can find an overlook of current LM incentives on Balancer Mainnet below:
Ecosystem
Warden - a Paladin product - currently has 2 active Balancer Gauge quests.
Forta published a blog post about how Balancer can use its monitoring tool.
The Balancer Maxis shared what they achieved in July in their update.
Coordinape Circle for the month of July is coming to a close: Current participants are:
Governance:
Last week saw 4 votes on snapshot with the following outcomes:
[Yes: 2.3M veBAL; No: 8k veBAL] [BIP-30] Purge Unused Gauges [second vote]
[Yes: 532k veBAL; No: 1.4k veBAL] [BIP-36] Enable TEMPLE/DAI 80/20 Gague (Ethereum)
[Yes: 498k veBAL; No: 13k veBAL] [BIP-35] Whitelist the Laguna Games’ Gnosis Safe for Balancer’s Voting Escrow
[Yes: 511k veBAL; No:c9.6k veBAL] [BIP-34] Enable the 50/50 RBW/wETH Gauge on Polygon
Besides votes on snapshot currently discussed topics for Balancer governance are:
[RFC] Simple Framework for veBAL gauge voting
Tritium from BadgerDAO shared his thoughts about how the current veBAL system can be improved to ensure that
No gauge should take over 10% of all veBAL unless it granted an exception by balancer governance.
What do you think about his ideas? Share them on the forum.
The recently funded Balancer Maxis Service Provider will continue to manage the Balancer DAO Coordinape circle. This is a great opportunity to join the community and start your Balancer DAO journey.