# Balancer Maxis May 2023 Update

**URL:** https://forum.balancer.fi/t/balancer-maxis-may-2023-update/4843
**Category:** Service Providers
**Created:** [June 5, 2023, 7:23pm UTC](https://forum.balancer.fi/t/balancer-maxis-may-2023-update/4843 "2023-06-05T19:23:49Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![0xDanko](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/0xdanko/32/1376_2.png) [@0xDanko](https://forum.balancer.fi/u/0xDanko)
#### Post date: [June 5, 2023, 7:23pm UTC](https://forum.balancer.fi/t/balancer-maxis-may-2023-update/4843/1 "2023-06-05T19:23:49Z")

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During the month of May, we closely followed work with all teams involved in the Polygon zkEVM deployment. After the Safe UI was restored, the contract deployment has begun and handed off to the UI/infrastructure teams. With these advancements, we are excited to offer our users a secure and efficient experience on the zkEVM network, expect the marketing campaign drop anytime soon!

Another exciting development was finally seeing cross-chain gauge boosts in collaboration with LayerZero. Maxis have been acting as governance facilitators to Balancer and LayerZero contributors, who have recently completed development and testing of bridging veBAL boosts cross chain. [[BIP-308] ](https://forum.balancer.fi/t/bip-308-enable-layer-zero-cross-chain-boosts/4819)was the final permission to the DAO multisig to call functions on LayerZero’s contracts, so we should be seeing 2,5x boosts coming to L2s this month.

Building toward more automation and decentralization, Mimic was authorized back in Nov’22 to develop a fee collector for the DAO (for reference, see [[BIP-115]](https://forum.balancer.fi/t/bip-115-balancer-smart-vaults-fee-collector/3966)). Maxis have conducted initial tests with them in Arbitrum, following the proposal [[BIP-294]](https://forum.balancer.fi/t/bip-294-authorize-mimic-smart-vault-on-arbitrum/4779) for the authorization for the smart vaults to start operations there. Tests on other networks are now beginning. This represents mitigation of risk and liability for everyone involved in the Balancer ecosystem, and a great step towards the vision of a fully progressed decentralized protocol.

A partnership with CowSwap was also proposed by the Maxis on [[BIP-295]](https://forum.balancer.fi/t/bip-295-fee-discount-for-cowswap-solvers/4785), aiming for a fee discount to increase non-toxic flow through Balancer pools. We expect there will be an increase of swap fees, but if not, it would at least grow the DEX marketshare on Ethereum. Since most of our protocol fees are mainly generated by yield, this experiment shouldn’t hurt us even if it fails, nonetheless the results will be monitored and reported accordingly.

Several pools supported by Maxis bizdev team also initiated emissions in May, including Binance wbETH/wstETH on Mainnet and a lot of action on Arbitrum (bb-a-USD, wstETH/bb-a-wETH and [wstETH/bb-a-wETH BPT]/bb-a-USD). Additionally, we are excited to see Gyroscope’s [stMATIC/wMATIC E-CLP picking up great usage](https://twitter.com/GyroStable/status/1664739796906831872) - perhaps another fundamental growth pillar? 🤔

Here are the bullet point updates for May. For reference, please review [[BIP-230]](https://forum.balancer.fi/t/bip-230-fund-the-balancer-maxis-for-q2-2023/4562) which funded the Balancer Maxis for Q2/2023.

- Multisig Management

- Governance

- User/Project Support

- Community

- DAO Dev Work

- Record Keeping