Balancer Maxis February 2023 Update

Balancer Maxis February 2023 Update

Migration season has begun! Following “the issue”, the Maxis have been working hard to restore normal operations by deploying new versions of affected pools, making sure incentives are moved accordingly in March and getting ready for Aave v3 boosted pools (for reference, please check [BIP-177] and [BIP-189]). Exciting stuff around the corner with generalized boosted pools, including bb-euler-USD, staked ApeCoin and more (Idle, Yearn, Gearbox etc…).

Seeing the increasing interest in Avalanche (specially LSD) and partnering with our Karptkey friends on Gnosis, the Maxis are kick-starting initiatives to bring Balancer to those chains, increasing the protocol’s presence on L2s. We believe Balancer tech has a strong competitive advantage, and under BIP-19 + third-party incentives, our recent experience on Polygon and Arbitrum made us quite bullish on multi-chain expansion.

The Balancer Community is flourishing with new Ballers engaging in marketing initiatives alongside Orb Collective and the Grants Committee, so look out for more BAL-shilling and Balancer ambassadooors!

Here are the bullet point updates for January. For reference, please review [BIP-145] which funded the Balancer Maxis for Q1.

  • Multisig Management

    • Twenty five gauges were approved & added to the voting list, most focused around IBL.
    • Two protocol fee distributions took place for a total of $994k (voting incentives, Treasury, veBAL)
    • The DAO Multisig executed a total of 9 transactions on mainnet
    • Significant strides were made in automating multisig activities - see the Maxi github for more info (credit Tritium)
  • Governance

    • Execute on [BIP-161] and [BIP-197] by halting stablecoin payments to OpCo and Orb in Q2, securing the DAO’s runway for Year 2. Maxis took part in several conversations to arrange the best OTC deal for OpCo.
    • Maxis authored a significant number of approved proposals
    • Four out of the six Maxis are active delegates.
    • Optimism
      • A new wave of boosted pools will soon launch in collaboration with Reaper and potentially other partners
    • BIP-19
      • Automation of fee collection is in progress by Mimic
      • See more detailed stats here.
  • User/Project Support

    • Github commits made to the frontend repo that included participation from the Maxis
      • many token/stable pool whitelistings/stakable adds
      • many gauges added to the gauge voting list
    • Telegram chats very busy lately
    • Weekly testing of the UI continues! Gold star to Zekraken
    • Discord #partnership channel had 2 leads, with 14 interactions. Thank you @Gleb assisting with coordination.
  • Community

    • Coordinape’s January epoch ran with 16 participants;
    • Onboarding process for new contributors restarted;
    • Balancer “Anti Scam Initiative” by @Dubstard sees another busy month of scammers, doppelgangers and offenders. Check full report here.
    • Creatives and marketing scale, as contributors engage in content building
      – Twitter threads
      – Designs (Twitter, ETH Denver campaign, etc.)
      – AMAs coordination (ANKR, Giddy [Polygon] and Spool [Arb])
      – Balancer Report weekly newsletter
  • DAO Dev Work

  • Record Keeping