Balancer

Balancer warned users of a bug in its legacy v1 contracts that allows draining LP funds. The affected pools are deprecated and non-pausable, so Balancer urged users to withdraw proportionally via a dedicated interface, stressing that other Balancer products, including currently supported versions, are not affected.

The team has since sent an on-chain message to known addresses involved in the V1 exploit, following best practices and offering a path for the hacker to contact them and return the funds. Balancer said it understands affected users await further updates and will continue to provide them.

Decentralized exchange partner Royco Protocol chose Balancer V3 as the first venue for its senior-tranche SLP pools, which use Gyroscope's E-CLP pool type. The pool sets its range per market and can hold up to 100% stables — a shape no default AMM offers, so it relies on custom pool types. Royco cited liquidity profile and security as reasons, noting Balancer V3 has been extensively audited, is monitored live, and is backed by a $1M bug bounty.

Balancer announced the first Fixed Price LBP is live, opening without any reserve capital. Some 15,000,000 tokens were seeded on Balancer V3 and a single flat rate was held for the full week. The pool is being run by @jackpotterCOM.

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.