New liquidity pools, additional vote functionality, rebalancing improvements, and a preview of upcoming features.

Since our August update, the Balanced contributors have been busy with numerous improvements to the product and smart contracts.

Quality of life improvements:

We’re also:

We covered a lot of ground this month, so let’s dive into a few of the changes.

To support the launch of Omm, Balanced added 4 new liquidity pools on August 31. One was IUSDC/bnUSD, which is now incentivized with 0.5% of the daily BALN.

The other 3 pools – OMM/sICX, OMM/IUSDC, and OMM/USDS – are incentivized by Omm Tokens, but the way you earn rewards for these pools is different. Learn how to earn OMM for supplying liquidity.

The release of these pools caused a huge spike in volume. According to Dapp.com, Balanced recorded several all-time highs on August 31 after the pools were listed, with 3,039 users and 62,072 transactions.

The Balanced DAO continues to set the standard for governance participation. Of the 4 on-chain votes, the lowest level of engagement was BIP4, with 934 voters and 56.58% of eligible BALN was used to vote.

Today we released the ability for community members to submit proposals. Until now, that responsibility has been left to the core contributors.

This release supports 6 proposal types:

Before you submit a proposal, share it on the forum for the community to discuss, following the procedure outlined in the docs: https://docs.balanced.network/user-guide/participate-governance

To submit a proposal, you’ll need to have staked at least 0.1% of the total BALN supply, and pay a 100 bnUSD fee.

As we’ve seen from the 4 votes held over the past month, the Balanced community is already highly engaged in governance. To help them make even more informed decisions, we decided to open the books and create an adjustable income statement and balance sheet:

The Balanced financial statements are already in development and will be released during September.

The community voted for BIP4, which requires you to lock up BALN to boost your earning potential. Now we’re now working to implement it in a way that introduces as little complexity as possible.

We’re still refining the details, but we expect the Home page to look a little something like this after the boosted BALN update:

We’ll share a more in-depth post about the design before the changes are pushed to mainnet.

In the month of September, we’ll focus on token economics enhancements to BALN, add support for new collateral types, and a few other features. Specific targets include:

If you have any questions or want to discuss these changes, join our growing Discord channel.