Balancer Grants April 2024 Update

Balancer Grants SP has continued to accept grant applications this month after BIP-573 snapshot vote was approved for another quarter. Wave 12 is aimed at supporting teams who are building on Balancer V3, our new improved architecture currently in development. V3 promises simplified integrations while continuing the flexibility of custom pool development to create whatever you can dream up in the AMM space. This wave will last until end of June 2024 and has a budget of 75k BAL to distribute to Balancer Grantees.

We are accepting all applications, but we’ll be mostly focusing on projects (in no particular order) that:

  • Integrate Balancer V3.
  • Create educational content, tooling and docs to lower barriers to entry for teams building on V3
  • Create new use cases with Balancer custom pools
  • Bounties for highly active community members providing dev support, incentivizing integrations for analytics sites etc

The categories of grants we have identified as bringing the most value in various forms to the ecosystem are:

How have the grantees been progressing over April?

Grant Achievements

After receiving 14 applications, we have approved 2 grants across 2 teams for a total of 11,315 BAL.

Grantee Updates — Building

The program is proud to present our grantees and their updates in alphabetic order:

The Buidl Guidl team has continued on their development of Scaffold-Balancer-V3 after pivoting from V2 this quarter. The scope was redefined to focus on V3 contracts creating an all-encompassing resource to take someone from little/no Balancer experience to creating a custom pool. This includes a Pool Contracts UI that allows one to troubleshoot deployed BalancerV3 custom Pools and two well-documented sample custom pools. The SOR and Data integration will follow as future milestones.

The team has delivered a preliminary deliverable showing a custom pool working on the locally deployable FE with more functionality to follow before submitting the accompanying docs. They are working closely with the Balancer team for feedback and guidance.

Opal Finance are building Omnipools on Balancer that allow for exposure across multiple Balancer pools for a single token. The allocation of liquidity is controlled by Opal governance through gauge votes defining the share of an Omnipool’s total liquidity that should be supplied to each underlying pool. The grant is covering Cantina audits to supplement those undertaken by Halborn Security. The first Cantina audit has been completed and the team is in the development phase for Gyro pool integration and L2 expansion.

In partnership with Mode launching their Yield Accelerator program, Balancer Grants has offered up $10k in BAL for prizes to be awarded to projects building on Balancer on Mode. The Mode Yield Accelerator has been setup with $10m to fund projects across DeFi, Restaking, CultureFi, AI and Infrastructure, with this program running until June 2024. Balancer will be judging projects built on our protocol and awarding prizes accordingly. For more information see the official Mirror post.

Yet to be announced:

In addition to these, we have two grantees working on adding new functionality to the V3 codebase that will be shared upon V3 being made public. You’ll have to wait until this feature is live before we can share more details. Stay tuned!

Another grantee approved this wave is a partner creating innovative products to be built and launched on V3. We’re keeping this project under-wraps while development continues so look out for this one as well.

Grants Program Expenses

About Balancer Grants

The BAL Grant program is one way Balancer DAO promotes the development of the Balancer Protocol and Ecosystem.

The BAL Grant program provides support and funding ($1K — $100K) to projects committed to supporting Balancer Protocol in achieving its mission to become the number one source for Decentralized exchange trades. This program is a good fit for individuals and groups that want to run a project that builds technology or resources on the Balancer Protocol.

We have a community powered Tools Hub and RFPs but we will always be open to new and unique ideas of how to improve and expand on Balancer’s flexible tech.

Wave 11 has ended, but grants continues. Apply now!

If you are interested in supporting the development of the Balancer Ecosystem or want to build on top of the Balancer Protocol, this is your chance! Get started by filling in the Grants Application form. You can also check out our RFP page for inspiration! We also have an application guide for what we’re looking for in a grant submission here.

For further questions about how the Grants SP works, check out the grants page, follow us on Twitter, or send an email to