Balancer

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

The Balancer DAO has been shaping its ecosystem through various governance proposals. One proposal aims to discontinue old gauges and migrate pools due to a security breach. Other approved proposals include updating permissions for the zkEVM Composable Stable Pool Factory, adding more BAL to LP on Across to enhance bridging liquidity, authorizing Mimic Smart Vaults on multiple networks, and sunsetting R gauges due to a recent exploit. Stay updated with Balancer's Governance Forum for more developments.

Balancer is a decentralized exchange (AMM) that utilizes a rate provider contract to pull pricing data from the chainlink Oracle on AVAX. This allows for accurate pricing of swaps and helps mitigate LVR on LP. Additionally, the core pool mechanics of Balancer scale LP incentives based on TVL.

Starting Friday, all $ARB boosts will increase by 18%, resulting in over 205k $ARB flowing to LPs every two weeks until February 15th. #ARBSZN

Balancer, PlutusDAO, and RDNT Capital have collaborated to launch $plsRDNT V2, the first #ve8020 compounder. This allows users to auto-compound and maximize dLP positions, unlocking additional boosts in $BAL, $esPLS, and $ARB.

Balancer Technology is leading the way in next-gen #ve8020 governance tokenomics and boasts over $350 million hosted. In addition, it has more than $250 million in LST pools with inbuilt LVR reduction and has facilitated over $278 million of swaps through optimized E-CLPs.

Balancer is offering efficient hub for users to put their LSTs to work on $ARB. The platform includes Rate Provider Technology, Core Pool Dynamics, Dual LST Pools, and Tri LST Pools. Exciting news to be announced soon.

The ratio of $ETH staked has surged to 23.62%. The Balancer Liquid Staked Token flywheel is facilitating the growth of LST liquidity hosted on the protocol.