Royco launches SLP pools on Balancer V3
Decentralized exchange partner Royco Protocol is launching its SLP pools on Balancer V3, using Gyroscope's E-CLP pool type. Royco cited liquidity profile and security as the reasons, noting Balancer V3 has been extensively audited, is monitored live, and is backed by a $1M bug bounty.
Balancer opens BIP-922 and BIP-923 governance votes on Snapshot
Balancer opened two governance votes, BIP-922 and BIP-923, on Snapshot, closing August 4th at 6PM UTC. BAL holders on any chain can vote on both proposals.
- BIP-922 moves roughly 364k BAL and 350k LDO of unclaimed rewards from Balancer's first liquidity mining program out of the old merkle contracts to the BizDev Safe.
- BIP-923 asks to extend the claim window for funds rescued from the November 3rd V2 incident. The window closes August 10th; if the vote passes it stays open another six months.
Balancer suffers $128 million smart contract exploit
An attacker exploited a rounding error in Balancer v2's ComposableStablePool contracts, draining approximately $128 million across multiple blockchains in under two hours, despite prior audits.
Balancer v3 launches with Aave integration
Balancer released version 3 of its AMM platform, introducing new developer tools and a partnership with Aave for boosted pools.
Balancer releases v3 codebase
Balancer unveiled the v3 codebase with a redesigned vault architecture focused on simplicity, flexibility, and scalability, ahead of final audits and deployment.
Balancer exploited following critical v2 vulnerability disclosure
A week after Balancer disclosed a critical vulnerability affecting some v2 pools, an exploit drained approximately $2.1 million across multiple chains; some of the stolen funds were later returned or recovered.
Balancer v2 goes live
Balancer released version 2.0 of its automated market maker, introducing a generalized AMM architecture built around a shared Protocol Vault to reduce gas costs and improve capital efficiency.
Balancer raises $5 million from Three Arrows Capital and DeFiance Capital
Balancer Labs announced a $5 million investment led by Three Arrows Capital and DeFiance Capital, joining Pantera Capital and Alameda Research to bring the company's Series A round to $12 million.
Balancer pools exploited for $500,000 via STA token vulnerability
An attacker used a flash loan from dYdX to drain Balancer pools containing the deflationary token Statera (STA), exploiting a mismatch between STA's burn mechanism and Balancer's price calculations.
BAL governance token goes live on mainnet
Balancer began distributing its BAL governance token to liquidity providers on June 1, 2020, and the token was listed on mainnet on June 23, 2020.
Balancer Labs raises $3 million seed round
Balancer Labs raised $3 million in a seed round led by Accomplice and Placeholder, with participation from CoinFund and Inflection.
Balancer protocol launches on Ethereum mainnet
Balancer deployed its V1 automated market maker on Ethereum mainnet in March 2020, following the publication of its whitepaper in September 2019.