DeFi Protocol Balancer Experiences Budget Cuts, Headcount Slashes Ahead of Strategy Pivot
The protocol's service providers have let go of two front-end engineers as they focus on overhauling the platform's brand.
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The protocol's service providers have let go of two front-end engineers as they focus on overhauling the platform's brand.
Ethereum-based projects have come together to provide protection against maximal extractable value (MEV) attacks.
On March 8, Euler had over $311 million in crypto locked inside its smart contracts. Its total value locked has since fallen to $10.37 million.
More than a year ago, Balancer created its Boosted Pool to attract liquidity to the protocol by providing investors with additional incentives. How balanced has this made the protocol and its native token – BAL?
Balancer's [BAL] Total Value Locked (TVL) has decreased, according to a weekly scorecard. Although the protocol has taken a hit, the Decentralized Finance industry has also been affected by the recent crypto market downturn.
Explore the world of liquidity mining with our in-depth analysis of 1inch, Uniswap, SushiSwap, Curve, and Balancer.
Crypto Twitter was awash, last week, with speculation about a teaser campaign launched by a slew of the top decentralized finance protocols. One by one, the projects tweeted an emoji of two fists bumping and a hint that something was dropping on February 6.
Yearn Finance, Balancer, Euler, MakerDAO, and more than 30 top DeFi dApps are taking part in a "creative campaign" to bring to light the various advantages of permissionless and decentralized protocols.
Ric Burton, the CEO of Balance, has stated that he believes he was taken advantage of by Hayden Adams, the creator of Uniswap, whom he had thought to be one of his "closest friends."
Balancer's native token, BAL, appears to be holding up despite the platform's ongoing security issues. On Friday, Jan. 6, the DeFi project tweeted a statement asking liquidity providers on its platform to withdraw their tokens from certain pools valued at $6.3 million.
DeFi protocol Balancer asked liquidity providers to remove their liquidity immediately from some pools because of a security issue. The post Balancer Warns of Potential Exploit, Asks LPs to Withdraw Assets appeared first on BeInCrypto.
In a series of tweets published on 6 January, decentralized exchange protocol Balancer [BAL] informed users that an “issue” with liquidity pools on the exchange changed the protocol fees of some of its pools to zero.
Decentralized finance (DeFi) protocol Balancer has warned LPs on the protocol to withdraw their liquidity immediately due to an ongoing issue. The protocol did not specify what the issue was but added that the emergency DAO could not mitigate it.
Blue-chip DeFi protocol Balancer has issued a statement on Twitter and has warned certain pools' liquidity providers to withdraw funds. Users of five liquidity pools are advised to withdraw all of their funds ASAP. According to a statement released by Balancer Labs, the company in charge of managing the development of Balancer (BAL) DeFi.
The Balancer DeFi protocol has issued an alert on Twitter urging liquidity providers to withdraw funds from five liquidity pools containing $6.3 million.
Decentralized exchange Balancer has issued a warning to its liquidity providers, instructing them to remove their funds from five pools containing a total of $6.3 million. What seems to be a component of a broader potential exploit or a technical flaw, Balancer has been prescribing ways to eliminate it.
Blue-chip DeFi Balancer (BAL) asks liquidity providers of certain pools to withdraw liquidity as team mitigates "issue"
Key Points: On January 6, 2023, Balancer, a decentralized exchange, advised its liquidity providers to remove money from five pools containing $6.3 million in cash. Balancer looks to be attempting to mitigate a broader possible exploit or issue.
The team did not disclose what the issue is, but stated that it "cannot be mitigated by the emergency DAO."
Decentralized exchange Balancer warned its liquidity providers to withdraw funds from five pools where $6.3 million of funds are at risk. The post Balancer warns $6.3 million of funds at risk, urges LPs to remove liquidity appeared first on The Block.
BNB Chain has partnered with Fjord and Balancer to launch Liquidity Bootstrapping Pools (LBPs) on its mainnet, according to a December 19 statement. The post BNB Chain launches Liquidity Bootstrapping Pools in partnership with Fjord, Balancer appeared first on CryptoSlate.
Balancer's whale problem has ended with a peace treaty, but Humpy's attack raises key questions about crypto governance.
The partnership between Aave, a lending protocol, and Balancer, an Automatic Market Maker platform, would be the first step toward increasing the utility of Aave's stablecoin, GHO. The partnership would also help boost the liquidity for pools on Balancer.
Nikolai Mushegian, the co-founder of Balancer Labs, has drowned in Puerto Rico, and the crypto community has already begun speculating. The post Balancer Labs Co-Founder Drowns, Twitter Speculates CIA Involvement appeared first on BeInCrypto.