DA WEEKLY DATA DROP — #29
DA WEEKLY DATA DROP — #29
Bust a move and get your groove on.
It’s time to get down with da weekly BEETS da-da-da-data!
TVL
Total TVL across both networks is sitting at $24,900,511(+31.46% compared to last week.)
🔵 On FTM, TVL is $7,177,592
🔴 On OP, TVL is $17,722,919
Volume
The total volume for the previous week is $13,432,833
🔵 On Fantom, Volume totaled $580,389
🔴 On Optimism, Volume totaled $12,852,444
This week a huge spike in volume can be seen on Oct. 26th after over $6M flowed through the ‘Gyroscope ECLP wstETH/WETH’ pool. That’s over 100% of the pool's TVL!
Liquidity Providers
What about our BEETiful Liquidity providers?
During the past week, Liquidity Providers earned $5.97K in swap fees and $3.60K in BEETS incentives across both Fantom and Optimism.
Pool Performance
Fantom
On Fantom, ‘Fantom Layer of the Opera’ (wFTM/lzUSDC) has generated almost half (46.4%) of the weekly swap fees totaling $1,194.
Optimism
This week on OP, the ‘Gyroscope ECLP wstETH/WETH’ pool has pulled in the most swap fees for liquidity providers, generating a total of $1,045 for the week.
Yield Capture
Across both chains, ‘Gyroscope ECLP wstETH/WETH’ has captured users the most in Yield fees, bringing in $3,397 for the week. The second highest fee generator of the week is ‘Rocket Fuel’ bringing in $1,452.
Protocol Revenue
During this past week, the protocol generated $5,974 in Swap fees. $5,733 was also generated via Yield Bearing tokens hosted on the protocol, of which, $2,749 flowed to the protocol as revenue. In total, $5,076 flowed to the protocol as revenue.
This week our Protocol Fee to BEETS ratio rounds out at 1.75.
So, where does all protocol revenue flow?
Two directions.
- Gauge Bounties
- Treasury
Gauge Bounties
A portion of all Beethoven X protocol fees flows back to our #maBEETS holders as Gauge Bounties on Fantom.
Following a recent proposal, gauge vote bounties will now be set as Fantom Layer of the Opera BPTs. Dive into the thread below for all the details.
https://medium.com/media/de5f0be0f8fe169998adb16fdb13ec63/href
In the latest gauge vote, over 2,000 BPTs have been offered as bounties.
Check out the tweet and have your say below!
https://medium.com/media/6fc981620dc4827547d536dfbd43515d/href
Treasury
The remaining protocol revenue is utilized to build a sustainable Treasury to ensure Beethoven X’s longevity. To ensure diversification, Beethoven holds treasury assets across 3 different chains.
Fantom
On Fantom, the DAO currently holds $527,523 in the Treasury wallet. Up 17.2% compared to last week.
On Fantom, the DAO currently has $225,475 actively deployed in farming positions.
Top DAO Farming positions on Fantom
- Fantom Layer of the Opera (FTM/USDC) on Beethoven X — $209,878
- BEETS Liquidity Pool on Tarot — $10,085
- Locked LQDR pool on Liquid Driver —$5,512
DeBank | The Web3 Messenger & Best Web3 Portfolio Tracker
Optimism
The Beethoven X DAO holds $1,076,851 in Treasury assets on Optimism. Up 9.6% compared to last week.
The majority of assets held on the Optimism treasury wallet are the remaining OP grant funds ($508,740). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.
Besides the OP, $497,547 is actively deployed in LP positions.
Top DAO Farming Positions on Optimism
- Rocket Fuel (rETH/ETH) on Beethoven X (Staked in Aura) — $317,426
- Gyroscope E-CLP (wETH/wstETH) on Beethoven X (Staked in Aura) — $95,855
- Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X — $84,266
DeBank | The Web3 Messenger & Best Web3 Portfolio Tracker
Ethereum
The Treasury also holds over $990,585 of assets on Ethereum. Up 4.85% compared to last week. This is predominantly in stablecoins ($634,374), although there is also $84,696 actively deployed in farming positions.
Top DAO Farming Positions on Ethereum
- AURA locked as vlAURA on Aura Finance — $60,475
- veBAL pool (BAL/ETH) on Balancer — $24,055
DeBank | The Web3 Messenger & Best Web3 Portfolio Tracker
Totals
This brings the Treasury’s total holdings to over $2,594,959 (up 9.16% compared to last week)
($1,940,238 not including BEETS and OP tokens)
Outro
Beetin’ and Bustin’
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:
- Beethoven X Analytics
- Beethoven X Mixer
Love as always,
BEET X
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