According to TechFlow, Balancer announced that it has integrated Chainlink price feed on the Arbitrum mainnet.

Specifically, Chainlink price feeds help provide reliable price data for wstETH, rETH, and cbETH, which are necessary components for building composable stablecoins built specifically for high-volume trading of staked ETH tokens.

The initial integration involves using the following Chainlink price feeds: wstETH/ETH, rETH/ETH, and cbETH/ETH.

Balancer also uniquely incentivizes liquidity through this design, redirecting a portion of LST yields as voting incentives for the same pool. This model leverages the voting market to unlock a self-sustaining circular flywheel where pools maintain their own incentive plans.