Ethereum Launches zkAPI as Base Rolls Out Cobalt
The weekly roundup also spans USDT on Bitcoin, proposed shutdowns at Balancer and Blast, and Visa Direct's stablecoin settlement link.
Balancer is a decentralized finance protocol that offers permissionless infrastructure for building automated market makers and providing liquidity. The platform's design centers on a Vault architecture that separates the technical requirements of custom liquidity pools from their core logic, housing them within a singleton contract. This structure allows developers to deploy and experiment with a variety of pool designs without fragmenting the protocol's foundation. The protocol supports multiple pool types, including its own Weighted Pools, Boosted Pools, and stable-swap variants designed to mitigate losses versus rebalancing. It also integrates externally developed innovations such as concentrated liquidity, CoW AMMs, and FX pools. Through this flexible framework, Balancer functions as a hub for fungible, yield-bearing, and MEV-resistant liquidity across decentralized exchanges. Balancer operates as a multi-chain protocol, deployed across Ethereum, Arbitrum, Optimism, Base, Polygon, Polygon zkEVM, Avalanche, Gnosis Chain, Harmony, and other networks. The BAL token serves as the governance asset, giving holders the ability to participate in decisions about the protocol's direction, including parameters, treasury allocation, and ecosystem incentives.
The weekly roundup also spans USDT on Bitcoin, proposed shutdowns at Balancer and Blast, and Visa Direct's stablecoin settlement link.
Under the proposal’s scenarios, 6 million additional eligible BAL would reduce the illustrative redemption value by about 8.7%; the grant and any fork payout remain unapproved and conditional.
296.4 ETH has been returned to the DAO multisig, but the plan still lacks a Snapshot vote, per-pool allocation tables and a claim window, leaving LP payouts undefined.
Even after team cuts and a v3 rebuild, revenue never recovered from the Nov. 2025 $128M hack. A Sept.
Six months after the November 2025 exploit drained $128M from Balancer v2, the DAO is conceding v3's path back to profitability never landed and is returning its remaining $9M treasury to BAL holders.
Balancer is a DeFi protocol that provides permissionless technology to streamline AMM development for developers and empower liquidity providers with an ever-expanding DEX product suite. This is made possible by unique ‘Vault’ architecture that formally defines the requirements .
Balancer (BAL) is categorised as: Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi).
The official Balancer site is https://balancer.finance/.
Most recent Balancer coverage: "Ethereum Launches zkAPI as Base Rolls Out Cobalt" — read at /en-US/a/ethereum-launches-zkapi-as-base-rolls-out-cobalt.