The Balancer Report
Unveiling Ecosystem Updates, Key Metrics, Governance Proposals, and More!
Join us as we explore the latest happenings in the Balancer ecosystem. From enhanced platform innovations to the pulse of our governance, we are excited to bring you crucial updates. Dive into our robust data, such as Total Value Locked (TVL), Swap Fees, and Volume, alongside insights into the newest proposals shaping our future.
CoW AMM’s Rapid Growth:
As introduced last week, CoW AMM is officially live on Balancer and has been a spectacular success since its launch. The community response has been phenomenal, with engagement and metrics skyrocketing. Impressively, over $14 million has already been provided as liquidity, demonstrating robust trust and enthusiasm from our users. This isn’t just any AMM; it’s a game-changer designed to maximize returns for liquidity providers by outsmarting arbitrageurs. Ready to dive in? Create your first LVR-protected pool here 🐮.
Here’s a thread detailing everything you need to know about CoW’s new AMM:
Balancer v3 and Grants Program:
Looking for easier innovation? Check. Need more support? Double-check. Balancer v3 is rolling out the red carpet, offering a whopping 150k BAL in grants for projects poised to revolutionize AMMs. For the innovators at heart, we’ve also got a bounty program that’s just waiting for you to make a splash. Learn more and apply for the Balancer Grant here.
E-CLPs with Gyroscope:
Our E-CLPs are making waves, now accounting for more than 6% of Balancer’s TVL and 10% of our volume. Thanks to our partnership with Gyroscope, you’re looking at boosted rewards and up to 5x SPIN points. Dive into the pool; the rewards are fine!
Shake Up Your Liquidity with Balancer’s STIP Update:
We’re stirring things up in a big way! Over 100,000 SARB has been deployed across yield-bearing pools through our latest STIP update on Arbitrum, leading to a whopping 28.9% increase in daily volume and a 25.5% boost in fees. Want the full scoop? Dive into the details and see how we’re shaking up the DeFi scene. Read more about the STIP Update.
HiddenHand incentives can be explored here, the current round ends on August 21, 2024. And to date it has the following details:
- Total Votes: 4,908,115
- Total Rewards: US$ 49,125.49
- Emission $/10k Votes: US$ 409.44
- Incentive $/10k Votes: US$ 100.09
Balancer: TVL and Stats — Defilytica
- Balancer’s Total TVL across all networks is sitting at $708.35m with a dominance of 74.53%.
Speaking of protocol volume metrics, in this last week we were able to see a cumulative volume of $341.32m.
As for protocol fee metrics, we can verify cumulative fees of $140,45k
As for our liquid wrappers, they are under the following parity to veBAL:
There’s no active proposal this week, but last week we had several, and all of them passed with 99% or 100% approval. It’s worth checking on Snapshot to see what the proposals were.
Reminder: Following governance proposals also means keeping an eye on what’s coming in terms of pools, incentives, and tokenomics itself.
- 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.
