On Aug. 22, Balancer Labs stated that it had received a “critical vulnerability report affecting a number of V2 Pools.” The firm went on to warn that it had taken action, but funds may be at risk. “Emergency mitigation procedures have been executed to secure a majority of TVL, but some funds remain at risk.”...Read More
Aave DAO, the governance arm of the Aave decentralized finance (DeFi) protocol, has swapped $1.6 million worth of its AAVE tokens with $1.13 million in Balancer (BAL) tokens in an exchange for each project’s treasury coin. Aave/Balancer Treasury Swap Proposal The treasury swap followed an on-chain vote on the Aave DAO governance community based on...Read More
The decentralized finance protocol OlympusDAO collaborated with Balancer to set up OHM as a liquid asset within the latter’s network. CopperLaunch and PrimeDAO will facilitate the front end of the Liquidity Bootstrapping Pools (LBPs) by adding OHM as a collateral token. The Specifics of The Project According to a document seen by CryptoPotato, the decentralized...Read More
Automated portfolio manager and liquidity provider Balancer Labs announced the official launch of Boosted Pools in collaboration with the leading DeFi lending protocol, Aave. Boosted Pools to Increase LP Yields In a press release shared with CryptoPotato, Balancer noted that the new product is geared toward solving the issue of decreased capital efficiency with yields...Read More
Leading automated market maker (AMM) Balancer Protocol has announced that it has launched support on the Layer 2 scaling solution, Arbitrum. Balancer Launches on Arbitrum In a press release shared with CryptoPotato on Tuesday, Balancer noted that the move is an effort to “significantly reduce gas costs and scale liquidity.” Arbitrum is a leading scaling...Read More
Balancer is one of the pioneers in the DeFi space and a core building block of its infrastructure. The protocol allows for efficient trading by pooling crowdsourced liquidity from investor portfolios while also identifying the best available price. Data from Token Terminal reveals the growth of the platform in terms of total value locked over...Read More
