Discover the Latest Ecosystem Updates: V3 Hooks, Governance, and Key Metrics!

With Devcon just around the corner, who’s ready for Thailand? We can’t wait to see who’ll be joining us! Today, we’re breaking down the latest from the Balancer ecosystem. Plus, we’re taking a look at governance highlights and the latest on Gyroscope, Gearbox, and more. Dive in for this week’s numbers, insights, and updates!

Do you have your plans in place? Trust us, you’ll want to add this to your list!

Join us for an exclusive evening of networking and collaboration, hosted by CoW DAO, Certora, and Balancer. Enjoy handcrafted cocktails, fine wine, and prosecco, paired with gourmet finger foods — all while vibing to the smooth beats of a live DJ on a stunning rooftop in the heart of Bangkok.

It’s the perfect setting to forge connections, exchange ideas, and dive into meaningful conversations with leaders and visionaries across the space.

About Certora:

Certora specializes in ensuring that smart contracts function exactly as intended through a process known as formal verification. Using the Certora Prover, developers can compare smart contract bytecode against predefined behavioral rules, allowing them to validate code with mathematical certainty. This thorough analysis checks every possible state and path within the contract, helping to detect critical vulnerabilities before they can be exploited by hackers.

About CoW DAO

CoW DAO is a community-driven organization dedicated to promoting fair and efficient trading in decentralized finance, focusing on the development of CoW Protocol. This protocol powers CoW.fi, a decentralized exchange platform that matches trades to minimize front-running and optimize costs. By aggregating liquidity from multiple sources, CoW.fi offers a secure and user-friendly trading experience, aligning with the values and goals of the CoW DAO community.

And speaking of CoW…

We have the CoW AMM (and hopefully you’re already familiar with it)!

CoW AMM addresses the issue of Loss Versus Rebalancing (LVR) — a hidden cost that can reduce liquidity for LPs by an estimated 5–7%. This loss happens when stale prices are exploited by arbitrageurs who profit at the expense of LPs. CoW AMM changes this dynamic. Instead of offering static prices, it uses a competitive batch auction, bringing asset prices closer to the market value with each rebalance.

Here’s how it works: LPs deposit into protected CoW AMM pools, where traders can access this liquidity. Whenever an arbitrage opportunity arises, “solvers” bid for the right to rebalance the pool, and the solver offering the most surplus to the pool wins. This way, the value from arbitrage is recaptured and redistributed to LPs rather than external arbitrageurs, effectively protecting over $14 million in liquidity today.

Community Bulletin Wall

Introducing our new Community Wall — a dedicated space to showcase the latest articles, tweets, and messages from our community. Here, you’ll find highlights that capture insight of our members.

Whether it’s a noteworthy article, a trending tweet, or an important message, the Community Wall is where your contributions come together to inspire and connect.

The latest ecosystem news

A big thank you to everyone who participated in the Hookathon!

Your enthusiasm, creativity, and dedication to building with hooks truly made this event unforgettable. We’re excited to announce that results will be released very soon — keep an eye out!

But remember, even though the Hookathon has officially wrapped up, the journey with hooks doesn’t end here. We’d love for you to stay engaged and continue building. Our Discord community is active and ready to welcome you, with a dedicated channel just for v3 hooks. Here, you’ll find support, feedback, and inspiration from like-minded builders.

So jump in, share your projects, and explore what else we can create together. Let’s keep this momentum going and make a lasting impact with hooks — we can’t wait to see what you’ll build next!

Additionally, we’ve compiled a Notion page with all the Office Hours recordings, resources, and useful links to help you on your journey. Dive in, keep building, and let’s see what we can create together:

Gyroscope has exciting news

The sDAI/USDC.e Rehype pool is now live on Gnosis Chain. This Rehype pool combines asymmetric concentrated liquidity with yields from Maker and Aave, making it one of the most competitive stablecoin yield options on Gnosis.

Additionally, it’s bootstrapped with rewards from Balancer and Aura Finance, adding even more value to this innovative setup.

Nearly $1 billion in volume has been traded on Balancer through Gearbox Protocol!

This milestone highlights the strength of our partnership and the growing impact of Balancer’s ecosystem. Let’s celebrate this achievement!

Balancer: TVL and Stats — Defilytica

As of October 23, veBAL was valued at $7.03, while the veBAL voting APR stood at 25.55%. This APR level reflects the current earnings potential for veBAL holders, deriving from protocol fees and additional external incentives available through the bribe market. At this rate, veBAL holders are rewarded for locking BAL/WETH 80/20 BPT in the protocol, creating an economic structure that combines yields with governance rights.

The APR demonstrates the protocol’s mechanism to incentivize long-term commitment, as returns are proportional to the lock-up period and amount of BAL/WETH 80/20 BPT held. This encourages a steady participation flow, effectively stabilizing the governance ecosystem by rewarding both liquidity provision and active protocol engagement.

But why Hidden Hand?

Protocols seeking stable and deep liquidity in Balancer can use Hidden Hand’s market to strategically attract attention from veBAL holders, ensuring that their pools receive increased BAL emissions. This dynamic promotes liquidity concentration in pools with high demand while offering veBAL holders a more direct financial reward for participating in governance, ultimately strengthening Balancer’s liquidity ecosystem.

Governance updates

Balancer’s Snapshot has some activity with two proposals up for voting. Take a moment to read through them:

[BIP-726] Adopt The SEAL Safe Harbor Agreement

This proposal outlines Balancer DAO’s adoption of the SEAL (Security Alliance) Whitehat Safe Harbor Agreement (“Safe Harbor Agreement”). By adopting the Safe Harbor Agreement, Balancer improves the security of its on-chain assets by allowing whitehats to intervene during active exploits to save protocol funds.

[BIP-727] Enable wstETH-weETHs Gauge [Ethereum]

The ether.fi team proposes a Balancer Boosted Gauge for a wstETH-weETHs pool on Ethereum, with no emissions cap. This will serve as a 100% yield bearing pair.

Source: Medium - Oct 28, 2024