The Lord Appears to the Devas and Instructs the Truce; Mandara Is Brought for Churning
ते वैरोचनिमासीनं गुप्तं चासुरयूथपै: । श्रिया परमया जुष्टं जिताशेषमुपागमन् ॥ २९ ॥
te vairocanim āsīnaṁ guptaṁ cāsura-yūtha-paiḥ śriyā paramayā juṣṭaṁ jitāśeṣam upāgaman
The demigods approached Bali Mahārāja, the son of Virocana, and sat near him. Guarded by the asura commanders, Bali shone with supreme opulence, having conquered the entire universe.
Vairocanī refers to Bali Mahārāja, the son of Virocana, famed for his power and opulence in the Eighth Canto.
In this section of the narrative, the devas seek a truce/strategic cooperation with the asuras, and thus they go to the powerful Bali, who was guarded by asura leaders.
Worldly victory brings visibility, wealth, and guards—yet the Bhagavatam later shows that true security ultimately rests in the Supreme Lord’s will, not in conquest alone.