Recent Ecosystem Developments in Balancer Community
Recent Ecosystem Developments in Balancer Community
The recent Governance Recap highlights the reimbursement of funds lost in a frontend attack, the replacement of mistakenly sent GGP incentives, and the approval of new gauges on Ethereum.
From reimbursements to restitutions, dive into the most recent Ecosystem developments with the latest Governance Recap. Check it out! Mini 馃У
Balancer Publishes Full Post-Mortem of $121M V2 Exploit
**Balancer released comprehensive post-mortem of November 3 exploit that drained $121M from V2 Composable Stable Pools** **Technical Root Cause:** - Incorrect rounding in exact-out swap calculations - Required three conditions: rounding error, rate providers, and low liquidity - Only affected specific V2 pools with BPT tokens and rate providers **Recovery Efforts Secured $45.7M:** - Emergency pool pauses protected $19.3M - Whitehat rescues recovered $4.6M across chains - StakeWise DAO emergency operation recovered $21.8M in osETH/osGNO **Key Response Timeline:** - 07:46 UTC: Attack detected, whitehats immediately front-ran on Ethereum - 08:07 UTC: V6 pools paused, protecting vulnerable liquidity - 11:01 UTC: Recovery mode activated for safe withdrawals **V3 Completely Unaffected:** - Different architecture with explicit rounding controls - Consistent 18-decimal precision - Formal verification prevented this attack vector **Migration Plan:** - V2 stable pool factory disabled - BAL incentives stopped for affected pools - Weighted and Gyro pools remain operational - Comprehensive V3 migration guidance coming **Fund Recovery Process:** - Pool-by-pool basis, not socialized losses - Active claiming required (no airdrops) - Governance proposal needed for distribution - Law enforcement coordination ongoing [Read full post-mortem](https://medium.com/balancer-protocol/nov-3-exploit-post-mortem-51dcbeb6b020)
StreamDefi Partners with Balancer to Launch Four StableSurge Pools Across Multiple Chains
**StreamDefi** has launched four new StableSurge pools on Balancer v3, bringing their $265M+ TVL and delta-neutral strategies to **Plasma, Arbitrum, and Avalanche**. **Key Features:** - **StableSurge hooks** maintain tight pegs through dynamic fee adjustments - Penalties for destabilizing trades, rewards for rebalancing trades - **100% boosted pools** earn lending yield while providing liquidity - Delta-neutral strategies offering **8-18% APY** with zero directional risk **Live Pools:** - [xUSD/USDT on Plasma](https://balancer.fi/pools/plasma/v3/0x694c009aa31b3f80ee18c218b02390ca2d7151e7) - [USDC/xUSD on Arbitrum](https://balancer.fi/pools/arbitrum/v3/0x7c60989d5e663836cf688f2bacf12a1208ae11b7) - [mevUSDC/xUSD on Avalanche](https://balancer.fi/pools/avalanche/v3/0x9dfdf58e1624cba507d0a38059e85eeab74f3b6b) - [BTC.b/xBTC on Avalanche](https://balancer.fi/pools/avalanche/v3/0x345e9afe5dd68237541993e5e2b9a87367ed91b7) The partnership focuses on **sustainable returns** rather than unsustainable incentives, combining Stream's proven strategies with Balancer's peg-protecting technology. Explore pools at [balancer.fi](http://balancer.fi)
Plasma Protocol Reaches $100M TVL Within 24 Hours of Launch
**Plasma Protocol achieved over $100M in Total Value Locked (TVL) within just 24 hours of deployment.** Key highlights: - Protocol launched and immediately attracted significant capital - Liquidity flows directly into Aave vaults to boost yields for liquidity providers - Aave simultaneously reached $4B+ TVL during the same period The rapid adoption demonstrates strong market demand for the protocol's yield-boosting mechanism. By channeling funds into established Aave infrastructure, Plasma creates additional earning opportunities for participants while leveraging proven DeFi protocols.
Balancer Hosts Office Hours: DappCon Insights and reCLAMM Updates
Balancer is hosting their weekly office hours to discuss two key developments: - Insights and impressions from DappCon Berlin - Updates on the upcoming Readjusting Concentrated Liquidity AMM (reCLAMM) The community session will provide firsthand ecosystem updates and allow participants to ask questions directly. Join the discussion on [Discord](https://discord.com/channels/638460494168064021/930442359932600380). *Previous office hours have covered Balancer V3 developments and ecosystem updates.*
Balancer Alliance Expands with Rocket Pool and Lido Joining
The Balancer Alliance program is now live, allowing protocols to earn swap fee shares by committing to long-term alignment. **Key developments**: - Rocket Pool joins, bringing deep rETH liquidity and ongoing DAO collaboration - Lido strengthens partnership, focusing core liquidity on Balancer - Protocols must convert fees to 80/20 BAL/WETH and lock as veBAL - Program connects governance rights with protocol commitment The Alliance structure emphasizes DAO-to-DAO cooperation and sustainable liquidity, particularly suited for Liquid Staking Tokens.