Chakra Alignment: November 1st
What's the quickest way to align our chakras?
To start, the trend of voting incentives for vlAURA holders is much better than reported, even by Aura's analytics. Historically, Hidden Hand has had a dominant share of the vlAURA vote incentives market, and analytics only considered incentives from their platform. However, Paladin Quests have steadily gained popularity, bringing in over 50% of all vote incentives in recent epochs.
After Paladin updates their API, other analytics sources can also be updated.
Most data sources are underestimating how much revenue AURA is earning.
Aura’s own stats page, which shows $35.17m in lifetime vote incentives distributed to vlAURA holders, only looks at the Hidden Hand marketplace.
In the last epoch, Paladin Quests surpassed Hidden Hand as…
Aura’s own stats page, which shows $35.17m in lifetime vote incentives distributed to vlAURA holders, only looks at the Hidden Hand marketplace.
In the last epoch, Paladin Quests surpassed Hidden Hand as…
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In other news...
Aura's franchise, Hyperlock, raised $213k in their Fjord Foundry LBP. Not a bad raise by any means; especially when considering Trump's World Liberty Fi is struggling to pass $15m. Hyperlock's TGE also included an airdrop of 2% of the supply to vlAURA holders, with a further 9% streamed in the future.
Balancer V3 is fast approaching. The ongoing Cantina bug competition, which is considered a final step before launch, is set to end on Nov. 5th.
V3 includes many innovations, such as 100% boosted pools, hooks, and an improved developer experience. The last may not sound as exciting, but Balancer has increasingly become a base layer on which other AMMs innovate on top of. Gyroscope's E-CLPs and GYD stablecoin have been a common sight on Aura.
Governance Highlights
During the month of October, 19 proposals were approved, including nine new gauges, including wstETH-weETHs, GHO/wUSDL, DVstETH/wstETH, GYD/aUSDT and more.
“Just Use Aave.” Before it was a popular saying on CT, the people at @GyroStable had already built it into their pools on @Balancer.
waUSDT, waGHO, waUSDCn, waFRAX…
More simply, these are receipt tokens for stablecoins deployed in @aave’s lending markets, allowing LPs to…
waUSDT, waGHO, waUSDCn, waFRAX…
More simply, these are receipt tokens for stablecoins deployed in @aave’s lending markets, allowing LPs to…
[BIP-714] Allocate 250,000 USDT to sGYD
BIP-714 approved the allocation of 250,000 USDT from its multisig wallet to purchase and stake GYD stablecoin, aimed at boosting treasury yields and supporting the Gyroscope ecosystem.
[BIP-726] Adopt The SEAL Safe Harbor Agreement
Bip-726 adopts the SEAL Whitehat Safe Harbor Agreement to improve the security of its on-chain assets by enabling whitehats to act swiftly during active exploits. This agreement provides clear guidelines and legal protections for whitehats, incentivizing them with a bounty system for rescuing funds, ensuring rapid and safe interventions when threats arise.
[BIP-721] Balancer to act as a Technical Delegate in the Polygon Governance System
Polygon Labs is engaging Balancer as a delegate to apply its expertise in smart contract governance within Polygon's new governance framework. This role aims to capitalize on Balancer's significant decentralized exchange operations to enhance technical decision-making and collaboration in the ecosystem.
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