Balancer

An RFC has been posted to address the next steps for reimbursement following a 90 day research phase to analyze claims.

The latest governance updates include a proposal for business development funding and retroactive funding for Q4 2023. There is also a proposal to pay 500 BAL to each DAO multisig signer every 6 months. Additionally, there is a proposal to correct an error in BIP-515 that affected the gauges of the 2eur pools. Stay tuned for more developments on the Balancer ecosystem through the forum.

Balancer sends warm wishes for a prosperous and successful new year filled with innovation and collaboration. Looking forward to achieving new milestones together in 2024.

Balancer remains the only DEX with next-gen tokenomics and stableswap logic for LSTs on Arbitrum, with a TVL of $150 million. Balancer Tech is gaining momentum.

The Balancer DAO governance has been active during the holiday season. Recent decisions include injecting BAL liquidity on Avalanche, funding for the Maxis, removing unused gauges, exiting the D2D/BAL pool, granting funds for Balancer initiatives in Q1 2024, extending technical and marketing services, planning an in-person meetup, capping individual voter weight, and adjusting the Arbitrum LGP and STIP programs. The DAO has also voted on various gauge proposals.

Balancer has partnered with RDNT Capital and PlutusDAO to introduce governance tokenomics advancements on Arbitrum. The collaboration utilizes the ve8020 mechanism, liquid wrappers, incentive flywheels, and core pool dynamics. Radiant Capital's governance position with the RDNT/ETH 8020 Balancer BPT has facilitated over $260 million in swap volume and generated $1.31 million in incentives via swap fees. The RDNT token has achieved a swap liquidity of $51 million. PlutusDAO introduces PlsRDNT V2, a liquid, max locked #dLP position that compound incentives within a liquid token. The position unlocks various benefits, including yield-bearing features, a share of $ARB STIP, $BAL incentives, and esPLS rewards from Plutus. It also integrates with AuraFinance for boosted rewards. However, users should consider smart contract risks as the complexity increases.

The Ledger Connect issue reported yesterday has been fixed. Balancer was not affected and the frontend is safe to use. Users are advised to stay vigilant and exercise caution with their transactions.

A potential vulnerability has been detected with Ledger Connect. Users are advised to exercise caution and avoid using the Balancer frontend until further information is available.

To compensate users affected by the DNS hack, the Balancer community has approved a 25% refund for those impacted. Affected users must submit their claims by December 25, 2023 via the provided forum thread or by contacting Balancer Maxis on Discord.

Join us tomorrow at 17:00 UTC to learn about the pioneering innovations of GYD with Gyroscope, focusing on automated risk diversification, optimized bonding curves, and robust oracle systems to revolutionize stablecoin technology in DeFi. #BuildBetter