balancer protocol00
$bal
MCAP36.76M
+5.40%

what's balancer protocol?

Balancer is a decentralized automated market maker (AMM) protocol in DeFi that enables users to create and manage liquidity pools with customizable token weights and multiple assets. It optimizes capital efficiency through features like stable pools for low-slippage swaps, boosted pools that integrate lending yields from protocols like Aave, and concentrated liquidity mechanisms. The protocol supports deployments across multiple blockchains including Ethereum, Polygon, Arbitrum, and Plasma, facilitating seamless trading, liquidity provision, and yield farming. Balancer's governance token allows community participation in protocol decisions, and it emphasizes developer tools for building custom DeFi applications.

Snapshot

Balancer V3 added new liquidity pools for RocketPool and StakeWise liquid staking tokens.

contract

ethereum

harmony-shard-0

xdai

polygon-zkevm

optimistic-ethereum

huobi-token

near-protocol

base

energi

avalanche

polygon-pos

arbitrum-one

1D ago
MARKET ACTIVITY

Added new liquidity pools for RocketPool and StakeWise liquid staking tokens on Balancer V3.

1W ago
PARTNERSHIP

Integrated with Balancer as one of 40+ onchain platforms supporting liquidity and yield strategies for mETH token.

2W ago
PARTNERSHIP

Integrated with Enso as a distribution channel, enabling wallets, asset managers, curators, and AI vaults to route liquidity into Balancer V3.

PARTNERSHIP

Integrated with Beefy Finance to provide an rETH/WETH V3 vault on Ethereum delivering 10.18% APY through Aura integration.

1M ago

Gnosis Chain froze ~$9.4M from the hack via soft fork and now considers a hard fork to return funds to victims. Berachain and Sonic also implemented interventions following the same Balancer hack.

Governance vote BIP-892 for exploit fund distribution is active on Snapshot until December 16, 7 PM UTC, and hard fork releases are available for node operators to deploy by December 22, 16:00 CET to enable fund returns.

Balancer V3 offers $BOLD/$USDC liquidity pool venues with approximately 9%+ APR yields alongside Ekubo Protocol and Uniswap V4.

Gyro pools plan a comeback with a renewed go-to-market strategy after experiencing TVL decline following the exploit, though the pools themselves were not affected by the hack.

Balancer proposes $8M reimbursement plan targeting liquidity providers impacted by the recent exploit.

Balancer reimbursing recovered funds following the recent exploits. Yearn drain total now reported at $9M.

Berachain hard forked as a result of the Balancer exploit.

Yearn Finance yETH infinite-mint exploit drains ~$2.8M in ETH and LSTs from Balancer pools, with ~1,000 ETH mixed through Tornado Cash.

Updated exploit figures show $137.4M total losses across v2 and its forks with $39M recovered, exceeding previously reported amounts of $128M total and $8M recovered.

New exploit activity observed involving interactions with Tornado Cash and affecting multiple LST protocols including Yearn, Rocket Pool, Origin, and Dinero.

Capital velocity ratio stands at 1.139, trailing competitors Uniswap at 3.676 and Orca at 8.746 in capital efficiency metrics.

White hat hackers will receive capped bounties from the recovered assets following the $128M exploit.

Balancer to distribute $8M in recovered funds from the $128M exploit.

Forum discussion launches outlining a framework to redistribute recovered v2 attack assets and reimburse affected liquidity providers, seeking community input on next steps.

Co-hosted a Scaling DeFi event in Buenos Aires with Gnosis, Safe, and Hypernative Labs approximately one week ago.

Official post-mortem for the November 3 exploit released, with $45M in funds recovered.

Claims process for the BEX exploit shows 90% of ETH and the vast majority of stablecoins recovered, while only 40% of BERA funds claimed.

Berachain responds to the Balancer exploit by enabling emergency withdrawals.

In the past hour, the hacker moves 2,000 ETH ($6.36M) into Tornado Cash for laundering, abandoning the option to return assets for a white hat bounty.

Total losses from the rounding function exploit reach $128M across multiple chains, with fork projects also affected after copying the same vulnerable code.

The exploit bypassed numerical guardrails through Composable Stable Pools' flash loan component, allowing attackers to manipulate rounding errors and withdraw all pool assets. Many exploited pools could not be paused as their default 1-year pause windows had expired.

StakeWise recovers $20M from the hack by burning stolen osETH/osGNO tokens and reminting them to DAO wallets, raising centralization concerns about the recovery process.

2M ago

Aave votes to remove $BAL from borrowing and sets LTV to zero after oracle price lags created arbitrage risks during a market crash and the token generated minimal protocol revenue.

Berachain and Gnosis are recognized for successfully saving user funds and responding swiftly to the exploit.

Claims for users affected by the exploit are now live through the BEX Incident Recovery Site, allowing affected users to reclaim their funds. BEX stable pools remain in emergency withdrawal mode with deposits disabled and weighted pools paused pending completion of vulnerability investigations.

White hat hackers save over $20M total from the exploit, substantially exceeding the $4.1M previously reported in recovery operations.

Whitehat recovery operation secures $4.1M from V2 meta-stable pools after identifying a new value-extraction path, with funds held in controlled custody for reconciliation and return to users.

Some blockchain networks performed hardforks to reverse and isolate the v2 exploit impact, while Ethereum maintained "Code is Law" with no rollbacks, leaving losses unchanged.

Multiple blockchain networks (L2s/L1s) shut down their chains in response to the exploit. The attacker exploited the permit() function which allows off-chain signatures without requiring gas fees from frozen addresses.

Balancer deprecates all v2 stable pools following last week's exploit and urgently recommends all LPs remove v2 liquidity as soon as possible.

Balancer Labs proposes a BIP to deprecate v2 stable pools and migrate liquidity to v3 as a preventive measure following the recent exploit events, while v3 remains fully operational and unaffected.

The exploit hacker holds 25,300 ETH ($91.69 million) after converting all stolen LST tokens and other assets to ETH.

Berachain launches a fork and claims page on November 14 for Balancer V2 exploit victims.

All $12.8 million from the BEX/Balancer v2 exploit on Berachain has been fully recovered with assistance from a white-hat hacker.

Reservoir experiences $350M in redemptions over two weeks following the exploit, with remaining backing including Bera chain liquidity positions with questionable status after the hack.

The exploit triggers the collapse of xUSD-deUSD.

The V2 exploit resulted in $128M in losses across multiple chains, caused by a rounding error in the swap logic that allowed manipulation of pool balances. (1987217822641197241)

Balancer issues a final onchain warning to the hacker behind the exploit, offering a bounty for the return of funds.

Official retrospective on the exploit goes live with recommendations for preventing rounding issues and important lessons from the incident.

The V2 exploit remediation plan commences Nov 11-12 with Notional V3 wind-down in three stages, migrating cross-currency borrowers with debts greater than $100 to Aave after applying haircuts to their ETH collateral balances, with positions managed through Gnosis safes.

Votemarket launches permissionless liquidity mining for Balancer mainnet gauges with automated reward redistribution through Stake DAO strategies. Berachain's swapper runs on Balancer code.

The V2 exploit does not work on Balancer V3, confirming V3 is not vulnerable to this attack vector.

SlowMist Security Team releases detailed technical analysis identifying the root cause as a precision loss issue in integer fixed-point arithmetic used to compute scalingFactors in Composable Stable Pool's implementation, with total losses updated to ~$120M across multiple blockchains. The analysis provides a 7-step breakdown of how the attacker exploited compounding precision errors through small-amount swaps under low-liquidity conditions.

Token decimals were not involved in the rounding issue contrary to previous reports, and the technical explanation appears to be AI-generated misinformation rather than accurate exploit analysis.

Cyfrin Audits Co-founder Patrick Collins warns the community about fake hack analysis and misinformation being spread by KOLs regarding the recent exploit.

Preliminary post-mortem report confirms $116M total hack amount, with 5,041 osETH and 13,495 osGNO recovered from the V2 composable stable pools exploit and final loss figures pending.

V2 exploit is now contained after multi-chain attack on Composable Stable Pools, recovery efforts continue, and full post-mortem report is forthcoming.

Over 50% of Gnosis Chain's 340,000 validators execute a soft fork to prevent the hacker from extracting funds. Independent verification confirms Balancer V3 is not vulnerable to the same exploit.

The exploit occurred through rounding errors in token decimal scaling between 18-decimal conversions, where attackers tuned swaps to hit edge cases and repeated the process hundreds of times in loops to accumulate tiny profits. (ID: 1986095645418213502)

Stakewise fully recovers $20.7M in osETH and osGNO from the exploit, while Berachain's recovery total is updated to $13M. A dormant whale withdraws $6.5M after three years of inactivity following the hack, and Berachain temporarily halts its chain in response to the exploit.

Berachain recovers $12.8 million in BEX funds following the Balancer-linked exploit.

Balancer was audited 11 times by Trail of Bits, OpenZeppelin, and Certora before the $128M exploit occurred.

A monitoring service provider offers Balancer a free 12-month monitoring account and standby recovery team assistance following the recent exploit.

The vulnerability was discovered weeks in advance by a party who failed to act on it. Additional negative news about vault curator contagion from events on 10/10 affecting multiple DeFi protocols including Balancer is expected soon.

Contango protocol withdraws protocol-owned liquidity from Balancer pools and pauses its staking mechanism and TANGO reward distributions following the exploit. The withdrawal causes high volatility in TANGO/wstETH pool pricing.

Recovery efforts retrieve approximately 5,041 osETH and 13,495 osGNO from the V2 exploiter. StakeWise recovers $20M from the hacker through a protocol loophole.

The exploit amount is reported as $128M, an increase from the previously reported $116M figure.

Approximately $12.8M recovered from the exploit by white hat. Notional V3 shuts down on Mainnet and Arbitrum with total bad debt of 641.4 ETH and 80.2 ETH, causing 100% losses for Balancer/Aura leveraged vault users and haircuts for ETH lenders.

Berachain validators voted to halt the entire network following the $116M cross-chain exploit. The protocol had completed 10 audits before the breach.

New analysis reveals the exploit was carefully planned for months with funding sourced through Tornado Cash trickles, showing no obvious OPSEC leaks. The hack caused cascading pool drains across Ethereum and connected networks.

Multiple Morpho Vaults experience low liquidity as aftermath of the V2 exploit, with MEV Capital Boosted Vault having direct exposure to related markets and depositors facing withdrawal difficulties with only periodic liquidity availability.

TVL halved following the exploit. A fake $20M offer to the hacker was confirmed as a scam attempt, and USDX reported ~$1M in losses that will allegedly be covered in full.

Bithumb exchange designates BAL as a trading caution stock.

The exploit only affects Balancer v2 Composable Stable pools, with Weighted pools (including AAVE/wstETH), all v3 pools, and boosted pools using Aave aTokens confirmed safe.

Berachain distributes hard fork binary to address the Balancer V2 exploit on its network.

Hacker converts more than half of stolen assets from LST to ETH, with total stolen amount now at $98M after recovery efforts reduced it from $117M.

Wintermute accused of being responsible for the hack. Sonic freezes two hacker-related wallets and deploys security mechanism in upcoming network upgrade in response to the Beets exploit.

Exploit impact across chains totals $128M with Ethereum at $99M, Berachain at $12.8M, Arbitrum at $6.8M, Base at $3.9M, Sonic at $3.4M, Optimism at $1.58M, and Polygon at $0.23M.

StakeWise DAO emergency multisig recovers approximately $20.7M in stolen assets from the exploiter (~5,041 osETH worth ~$19M and 13,495 osGNO worth ~$1.7M), representing 73.5% of stolen osETH and 100% of stolen osGNO, with funds to be returned pro-rata to affected users. Audits face scrutiny following the $100M+ exploit.

Gnosis Chain bridging liquidity temporarily removed to prevent further losses, while Gyro pools confirmed unaffected by the exploit.

Total exploit amount updates to $128M with breakdown of Ethereum (~$70M+), Base & Sonic (~$7M combined), and other chains (~$2M+), while technical analysis reveals the vulnerability involved Vault failing to verify msg.sender == op.sender and batchSwap manipulation creating negative deltas through incorrect invariant calculation in the "_calcInGivenOut" function. All V2 pools paused where possible per official statement.

Protocol rating downgraded from "Good" to "Average" following the V2 exploit. V2 WeightedPools are not expected to be affected by the attack, which targeted v2 Composable Stable Pools specifically.

The exploit uses a callback-auth bypass in manageUserBalance() function (alternatively described as invariant manipulation distorting BPT price calculation through rounding boundaries), with the bug auto-triggering across all Balancer forks simultaneously. The protocol underwent 10+ audits with the vault audited 3 separate times by different firms, while Polygon validators respond by censoring the hacker's transactions to freeze them in place.

Berachain executes emergency hard fork with transfer restrictions on exploited funds and plans forced recovery if self-claimed white hat doesn't return funds, while SonicLabs freezes attacker's wallet. Two separate attackers identified - one on ETH mainnet and a different one on Berachain claiming white hat status.

OpenZeppelin, Trail of Bits, Certora, and ABDK, listed as V2 auditors, decline to comment on the exploit. Renzo protocol confirms users provided approximately 720 ezETH of liquidity to affected pools, while one individual victim loses $41M.

$BAL token drops 5% following the exploit, which marks the third hack in the protocol's history. Specific mainnet losses include $12M from the sfrxETH/wstETH/rETH pool and $5M from the rETH/weETH pool, while the hacker seeded the attack account via 100 ETH and 0.1 ETH Tornado Cash deposits with no recent 100 ETH withdrawals suggesting connections to previous exploits.

The exploit losses are estimated at approximately $166M across multiple chains with the attack described as ongoing, representing an increase from the previously reported $129M total. The hacker is reportedly purchasing Counter Strike skins with stolen funds.

Gnosis Chain takes emergency measures by freezing EURe/sDAI and GNO/osGNO pools in coordination with Monerium and temporarily halting bridging out from Gnosis Chain via canonical bridges following the V2 exploit. The total exploit amount updates to $129M across all affected chains.

The hacker is identified as the same entity behind the KyberSwap hack based on matching transaction log patterns and variable naming. Notional vaults are impacted and paused, while the exploit vector is specifically narrowed to V2 Composable Stable pools only.

Berachain validators halt the network and execute an emergency hard fork to address the exploit affecting BEX (Balancer V2 fork), coordinating with Ethena, lending markets, and CEXes to recover funds and protect LPs. An address claiming to represent the protocol offers the hacker $20M to return the stolen funds, while Contango enables early unstaking as a precautionary measure for users to withdraw liquidity.

The exploit total increases to $128.64M across multiple chains with the attack root cause identified as faulty access control in V2 pools, while V3 pools remain safe. The team officially acknowledges the exploit and investigates with engineering and security teams, and the AAVE/wstETH Balancer V2 pool is reported as unaffected.

Balancer V2 suffers an active ongoing exploit draining over $116M across Ethereum, Polygon, Arbitrum, Base, Optimism, Sonic, and Berachain with stolen assets including WETH, osETH, wstETH, frxETH, rsETH, and rETH. The attacker was funded through Tornado Cash and Balancer V2 forks including Beets are also compromised.

Stake DAO governance proposal SDGP-60 acquires veBAL boost from Tetu in preparation for Balancer OnlyBoost protocol update.

Marcus from Balancer joins a panel at Chainlink SmartCon in NYC to discuss what the project is building.

TreehouseFi goes live on Base network featuring a Balancer LP for tETH staking yields with airdrop incentives (100% Nuts Buff) for liquidity providers.

Balancer deploys on Monad network as part of the chain's mainnet readiness phase, alongside Uniswap, PancakeSwap, and other major DeFi protocols.

Balancer becomes the largest DEX on Plasma network with TVL 2.3x that of Uniswap on Plasma, though Uniswap maintains higher volume.

The sUSDai/USDT0 pool goes live on Plasma network using oracle-free infrastructure.

A points loop strategy goes live on HypurrFi involving borrowing usdxl and providing liquidity in Balancer pools with rates evening out to earn points.

Balancer sponsors and participates in EBC11 Barcelona conference, with discussions involving Mastercard, Visa, and Stripe about the future of stablecoins and onchain fiat.

Boosted stablecoin yields with no rebalancing feature coming soon, and Orbiter Finance integration now live for bridging to X layer.

HWAVE LBP sale on Balancer concludes October 21, featuring revenue sharing via buybacks and GWAVE loyalty rewards for early participants.

The first Liquidity Bootstrapping Pool (LBP) on Balancer V3 goes live for HWAVE token, marking the first project on HyperEVM to launch through this model with a Dutch Auction allocating 7% of total supply.

Coinhain DEX goes live on BNB chain, built on Balancer V3 with boosted pools, automated liquidity adjustment via reCLAMM pools, and stable pools for up to 5 tokens.

tetuBAL veBAL boost delegation scheduled for later this month after governance proposal approval, while sdBAL maintains one of the strongest pegs among veBAL wrappers.

Monerium incentivizes the EURe-Aave USDC pool with 3K USDC through Votemarket, currently offering the best vote incentive APR for veBAL voters with rewards claimable Thursday.