Ether.fi Deploys E-CLP on Arbitrum with Gyro and Lido
Ether.fi Deploys E-CLP on Arbitrum with Gyro and Lido
🚀 Arbitrum's new powerhouse
On June 25, 2024, Ether.fi, in collaboration with GyroStable and Lido Finance, deployed a weETH | wstETH E-CLP (Ethereum Concentrated Liquidity Pool) on the Arbitrum network. This deployment includes a concentrated liquidity ETH LP and comes with a 1.5x Balancer ARB boost. Both Ether Fi and Gyroscope have received ARB grants for this initiative. This development follows a trend of expanding liquid restaking token capabilities on Ethereum Layer 2 solutions, as evidenced by a similar collaboration between Renzo Protocol, Chainlink, and others on March 26, 2024, which saw the launch of an ezETH wstETH LP on Arbitrum with double points.
Tangent Launches USG-GHO Stable Pool on Balancer with Dual Yield
**Tangent has deployed its USG stablecoin on Balancer**, pairing it with Aave's GHO in a new Stable Pool. **Key features:** - Pool maintains tight parity between USG and GHO - 100% boosted structure allows both assets to earn yield - Liquidity providers collect swap fees plus underlying interest **How it works:** The pool design enables continuous yield generation from two sources - trading fees from swaps and interest rates from Aave's lending protocol. Both stablecoins in the pair benefit from this dual-yield mechanism. This follows Balancer's existing stablecoin infrastructure, which includes a ~$14m pool featuring GHO, USDC, and USDT with similar yield-generating properties and additional BAL and GHO incentives.
Beefy Finance Launches Auto-Compounding Collateral on Euler's Monad Market
Beefy Finance has integrated a USDT0/AUSD/USDC pool as auto-compounding collateral on Euler Finance's AUSD market, now live on Monad. **Key Details:** - The pool is built on Balancer's infrastructure - Enables automated yield optimization for stablecoin holders - Expands DeFi composability across Monad ecosystem This integration follows previous collaborations between these protocols, including a similar AUSD/USDT/USDC pool on Avalanche that achieved 28% APR through Aura Finance incentives.
veBAL Delegations Won't Transfer to New System
**Action Required for Delegators** If you've delegated your voting power under veBAL, you'll need to take action: - Delegations from the old veBAL system **will not automatically transfer** to the new voting system - You must manually re-set your delegation through the portal - Check who currently holds your voting power and confirm the delegation - **This process must be completed separately for every chain** where you have delegated votes Without re-setting your delegation, your voting power won't count in the new system.
Balancer Eliminates Token Locking for Governance Voting
Balancer has implemented a significant governance change with BIP-921 now live onchain. **Key Changes:** - **No more token locking required** - The veBAL sunset means BAL holders can now vote without locking their tokens - **Direct voting power** - Raw BAL balances across 7 chains (Ethereum, Arbitrum, Base, Polygon, Optimism, Gnosis, and Avalanche) now determine voting power - **New quorum threshold** - Set at 10M BAL - **No decay mechanism** - Voting power remains constant without time-based reduction This marks a shift from the previous vote-escrowed model to a more straightforward governance system where simply holding BAL tokens grants voting rights.
Balancer V2 Incident Fund Claims Deadline Approaching August 10th
**Deadline Alert: August 10th** Funds rescued from Balancer's November 3rd V2 security incident remain claimable, but time is running out. The 180-day claim window closes on **August 10th**. **Key Details:** - Whitehat-rescued funds are available for eligible users - Claims opened in February following BIP-892 - After the deadline, governance will determine the fate of unclaimed funds **Action Required:** Check your eligibility at [balancer.fi/portfolio](http://balancer.fi/portfolio) If you were affected by the November incident, verify your claim status now to avoid missing the deadline.