The Balancer Report
Unveiling Ecosystem Updates, Key Metrics, Governance Proposals, and More!
Dive into the latest from the Balancer ecosystem! We’re breaking down key stats like Total Value Locked (TVL), swap fees, and volume. Get the inside scoop on governance with a look at the proposals shaping what’s next. Join us as we unpack this week’s top highlights and insights!
Now let’s explore the latest ecosystem news
How cool is this? The pioneering CL AMM developed by Gyroscope is now a major player, boasting over $35.1 million in Total Value Locked (TVL) and driving more than $1.9 billion in trading volume.
Meanwhile, the first MEV-mitigating AMM by CoWSwap is making its mark, protecting over $15.5 million in TVL and delivering $12,000 in surplus to liquidity providers.
Balancer is cooking
If you’re a developer who enjoys working with Hooks, get ready — we have some exciting updates coming your way! In the meantime, take a moment to dive into the documentation on Hooks and, of course, the guide on building your own Hook.
HiddenHand incentives
As usual, you can dive into the HiddenHand incentives here. The current round wraps up on August 28, 2024. Here’s a snapshot of the latest details so far:
- Total Votes: 4.977.996
- Total Rewards: US$ 49.257,98
- Emission $/10k Votes: US$ 449,0089
- Incentive $/10k Votes: US$ 98,9514
Balancer: TVL and Stats — Defilytica
- Balancer’s Total TVL across all networks is sitting at $756,27m.
- The Total Mainnet TVL is $563,81m with a dominance of 74,38%.
- Speaking of protocol volume metrics: check out the data in the chart below to see the details of the last 7 days' activity
Protocol fee metrics:
Liquid Wrappers stats
As for our liquid wrappers, they are under the following parity to veBAL:
Governance updates
This week, Balancer’s Snapshot has some activity with three proposals up for voting. Take a moment to read through them
This is a proposal to enable one uncapped Balancer gauge for a sUSDe/GYD E-CLP on Ethereum.
We propose to only enable protocol fees of 50% once rewards start. The entire protocol fees will accrue to Balancer, while Gyroscope will not take any cut at this point.
This is a proposal to enable one uncapped Balancer gauge on Arbitrum for an aGHO/USDe E-CLP.
Elixir proposes to add a veBAL gauge for the sdeUSD / deUSD ECLP pool on Ethereum.
Also, take a moment to check out the Balancer forum here. We’ve got updates on the Aura Delegate Thread and the Karpatkey Delegate Thread as well.
Be careful what URLs you visit, Dubstar has some news!
@dubstard: "Be careful what URLs you visit, avoid imitation URLs such as:"
airdropball-app.com
airdropball-dapp.com
airdropballapp.com
balancaer.fi
balanccerv2.cloud
balancer.capital
d-balancer.org
d-balancer.vipTo avoid risk bookmark the official URL balancer.fi and use the bookmark shortcut instead.
- Do not open any links sent to you in DMs from any one pretending to be a “mod”, “admin” “staff member” and etc.
- Do not message anybody offering help if you DMs them first, those are scammers.
- Remember, Balancer operates primarily under the following domain: balancer.fi
- Never share private keys, seed phrases with anyone.
- Remember, there is NO AIRDROP!
- There is no such thing as “Node RPC fix”, “Encrypt Wallet”, “Node Sync”, “Wallet Synchronization”, “Rectification”, “Remediation”, “Fee Reduction”, “NFT sync”, “Synchronize wallet” and so on. All those are fake sites and imaginary “tech” sounding reasons to bait users to visit the bogus sites.
- Avoid using your main wallet for participating in airdrops, especially if they are promising very high awards. Do not sign BPT (Balancer Pool Token) approvals willy-nilly. Sign only if you know what you are doing. Do not sign approval, transfer, and permit transactions willy-nilly. Always double-check everything.
- 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 toward onboarding every new member in a smooth and personalized way.
Join the Ballers and start your Balancer journey now: discord.balancer.fi
Are you looking for a grant? Learn more here.
This article is for informational and educational purposes only. It should not be construed as investment or trading advice or a solicitation or recommendation to buy, sell, or hold any digital assets. Transactions on the blockchain are speculative. Carefully consider and accept all risks before taking action.
