I've got a new 2200mah 11.1v lipo that I've only got one flight on. I charged it after this flight, with the Common Sense balancer attached. After it finished charging on my smart charger, it has 11.43 volts. It was balanced per the balancer, and I also checked each cell with my multimeter. Each cell came out to 3.81v. I didn't notice any issues while flying, and the battery barely got warm.

Does this sound right? I thought the voltage would be in the 12's for this battery?