{"id":169245,"date":"2021-02-02T23:22:38","date_gmt":"2021-02-02T20:22:38","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/following-balancer-v2-protocol-announcement-yield-farming-still-in-development\/"},"modified":"2021-02-02T23:22:38","modified_gmt":"2021-02-02T20:22:38","slug":"following-balancer-v2-protocol-announcement-yield-farming-still-in-development","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/following-balancer-v2-protocol-announcement-yield-farming-still-in-development\/","title":{"rendered":"# Following Balancer V2 protocol announcement, yield farming still in development"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2cedad7926f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2cedad7926f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/following-balancer-v2-protocol-announcement-yield-farming-still-in-development\/#New_protocol_new_farm\" >New protocol, new farm<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/following-balancer-v2-protocol-announcement-yield-farming-still-in-development\/#Climbing_the_charts\" >Climbing the charts<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Following Balancer V2 protocol announcement, yield farming still in development <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNDA0OGY0NWQtNWU3Ny00OTZmLTg5ODUtYzQzYTc1NWI2ODI5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Automated market maker Balancer <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/balancer-protocol\/balancer-v2-generalizing-amms-16343c4563ff\">announced<\/a> today a widely-anticipated second version of its decentralized exchange protocol, featuring a host of upgrades centered on \u201csecurity, flexibility, capital efficiency and gas efficiency&#8221;\u00a0 \u2014 but yield farmers are left wondering about the all-important liquidity mining details, which are still in development. <\/p>\n<p>\u201cThe main architectural change between Balancer V1 and Balancer V2 is the transition to a single vault that holds and manages all the assets added by all Balancer pools,\u201d wrote Balancer co-founder and CEO Fernando Martinelli in a blog post. <\/p>\n<p>This architecture will mean all assets will be handled through a single central vault, a development that will, in turn, improve gas efficiency across the protocol.<\/p>\n<p>For traders and arbitrageurs, the improvements to gas price efficiency will be especially welcome. Gas prices have risen to stratospheric levels as of late, and the congestion has led multiple projects in decentralized finance and gaming to consider various layer-two scaling solutions.<\/p>\n<p>However, many observers have expressed excitement about Balancer V2\u2019s enhanced customizability. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Custom AMMs will have a powerful platform to call home: Balancer v2 \u2696\ufe0f<\/p>\n<p>Let the innovation on top flourish!  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/EWLWo6T2Uj\">https:\/\/t.co\/EWLWo6T2Uj<\/a><\/p>\n<p>\u2014 FollowTheChain\u26d3 (@FollowTheChain) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FollowTheChain\/status\/1356641922102812675?ref_src=twsrc%5Etfw\">February 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Balancer is arguably already the most customizable of the major AMMs, allowing users to create their own pools with variable fee structures and pool weights. V2 will allow users to set the curvature of their pools, which could enable new products and greater efficiency following advancements in the understanding of pool curvature.\u00a0<\/p>\n<h3><span class=\"ez-toc-section\" id=\"New_protocol_new_farm\"><\/span>New protocol, new farm<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While the protocol upgrades are squared away and under audit, the details of V2&#8217;s farming parameters are far from set in stone.\u00a0<\/p>\n<p>Shortly after the V2 announcement, a post on Balancer\u2019s governance forums from Balancer co-founder and chief <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> officer Mike McDonald\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forum.balancer.finance\/t\/v2-liquidity-mining-brainstorming\/754\">invited<\/a> users to \u201cbrainstorm\u201d the V2 liquidity mining (or yield farming) parameters.\u00a0<\/p>\n<p>\u201cEven the Balancer team has not read this as our goal is to start having more discussions in public to also bring in community members in the process,\u201d McDonald wrote. <\/p>\n<p>The objectives for the new liquidity mining program will center on being agile enough to quickly provide pools for \u201chot tokens\u201d and the trading fees they\u2019ll bring in, while also ensuring sustainability and simplicity, as opposed to V1&#8217;s focus on &#8220;long tail&#8221; assets.\u00a0<\/p>\n<p>McDonald also wrote that improvements to the liquidity mining program and the community incentives it provides are both part of a long-term vision for fully decentralized governance.<\/p>\n<blockquote><p>\u201cThe goal is to have the widest distribution possible across users and time in order to achieve a decentralized ownership and therefore governance of the protocol.\u201d<\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Climbing_the_charts\"><\/span>Climbing the charts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The announcements have been a boon for the price of the platform\u2019s Balancer Protocol Governance Token (BAL), which is up nearly 20% today and 135% on the month, per Coingecko \u2014 a top 10 riser on both time frames. The launch and the new liquidity mining parameters are currently scheduled for March.<\/p>\n<p>While the rivalry between SushiSwap and Uniswap has been commanding the headlines recently, Balancer V2\u2019s features and a retooled liquidity mining program may make the AMM market a three-horse race. <\/p>\n<p>All three protocols are currently ranked among the top 10 in total value locked, with Balancer sitting just under 1 billion while SushiSwap and Uniswap claim $2.5 and $3.25 billion, respectively. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/following-balancer-v2-protocol-announcement-yield-farming-still-in-development\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Following Balancer V2 protocol announcement, yield farming still in development &#8221; Automated market maker Balancer announced today a widely-anticipated second version of its decentralized exchange protocol, featuring a host of upgrades centered on \u201csecurity, flexibility, capital efficiency and gas efficiency&#8221;\u00a0 \u2014 but yield farmers are left wondering about the all-important liquidity mining details, which&#8230;<\/p>\n","protected":false},"author":1,"featured_media":169246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNDA0OGY0NWQtNWU3Ny00OTZmLTg5ODUtYzQzYTc1NWI2ODI5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74877,75239,74868,74891],"class_list":["post-169245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-decentralized-exchange","tag-decentralized-finance","tag-defi","tag-ethereum"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/169245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=169245"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/169245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/169246"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=169245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=169245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=169245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}