Balancer today released "The Balancer Report: Why L2 Grants Are Important" report, which disclosed the latest progress of the protocol, including that Balancer DAO has become the first recipient of the Arbitrum Short-term Incentive Program (STIP), receiving $1.2 million worth of ARB token rewards.
Balancer also said that Raft and QiDAO joined its "8020 Plan" last week, with Raft launching the RAFT/R liquidity pool and QiDAO renaming eQI to aveQI and deploying the corresponding liquidity pool on Ethereum.
In addition, the stablecoin project Gyroscope plans to launch the stablecoin GYD soon.