DA WEEKLY DATA DROP โ€” #1. Bust a move and get your grooove on. | by Beethoven x | Apr, 2023

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Bust a move and get your grooove on.

Itโ€™s time to get down with da weekly BEETS da-da-da-data!

Total TVL across both networks is currently $97.7 Million.

๐Ÿ”ต On FTM, TVL is sitting at $46.1 million.

๐Ÿ”ด On OP, TVL is sitting at $51.6 million.

For the past two weeks, Optimism TVL has surpassed FTM TVL for the first time in BEETS history!

The total volume for the previous week was $29,137,248

๐Ÿ”ต On $FTM, Volume totalled $17,532,586.

๐Ÿ”ด On $OP, Volume totalled $11,604,663.

What about our BEETiful Liquidity providers?

During the past week, Liquidity Providers have earned $59.28K in swap fees and $23.19K in BEETS incentives across both Fantom and Optimism

Fantom

Pools on the right are ordered from highest to lowest in terms of swap fees generated

On Fantom, the BTC/ETH/FTM/USDC weighted wonder ( A Late Quartet) has been surpassed by the newly deployed Oats and Grain pool which has generated a staggering $16.23k in swap fees for the week!

Optimism

Swap Fee Revenue on Optimism

Additionally on OP, the same (OATH / GRAIN / FTM / USDC) pool has generated the greatest swap fees for the protocol, totalling $4,265 for the week.

During this past week, 83,512 swaps generated $59,285 in Swap fees, of which $16,792 flowed to the protocol as revenue.

With a Protocol Fee to BEETS ratio of 0.86, this revenue generation has ensured we continue our trend to a positive cash flow protocol!

Meaning, for every $1 in BEETS incentives emitted, we have generated $0.86 in protocol fees.

So, where does all protocol revenue flow?

Two directions.

  1. Gauge Bounties
  2. Treasury

A portion of all Beethoven X protocol fees flows back to our #maBEETS holders as Gauge Bounties on Fantom.

In the most recent gauge vote, over $8,155 was offered as BEETS bounties

The remaining protocol revenue is utilised to build a sustainable Treasury to ensure Beethoven Xโ€™s longevity. To ensure diversification, Beethoven holds treasury assets across 3 different chains.

Fantom

On Fantom, the DAO currently hold $2.51 million in the Treasury wallet.

60.8% of this is actively farming in LP positions.

Optimism

The majority of assets held on the Optimism treasury wallet is the remaining OP grant ($931,801). This OP grant is continuously paired with a portion of generated protocol fees to incentivise the pools on Beethoven X.

Besides the OP, over $400k is actively deployed in LP positions such as the rETH / ETH and USDC / DAI / USDT pool.

Ethereum

The Treasury also holds over $149,952 on Ethereum via AURA, auraBAL and veBAL.

This brings the Treasuryโ€™s total holdings to over $4,118,605.

($2,518,536 not including BEETS and OP tokens)

Beetinโ€™ and Bustinโ€™

Did you groove to the data?

Until next week, you can keep up to date / interact in real-time with the two analytic platforms below

Love as always,

BEET X

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