DA WEEKLY DATA DROP โ€” #5. Bust a move and get your groove on. | by Beethoven x | May, 2023

0

Bust a move and get your groove on.

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

๐Ÿ”ต On FTM, TVL is $41,002,091

๐Ÿ”ด On OP, TVL is $51,865,455

๐Ÿ”ต On Fantom, Volume totaled $10,296,351

๐Ÿ”ด On Optimism, Volume totaled $6,986,774

During the past week, Liquidity Providers have earned $25.46K in swap fees and $15.55K in BEETS incentives across both Fantom and Optimism.

On Fantom, the FireBird USDC has generated 23% of the weekly swap fees totaling $4,875. This spike in fees for the pool is due to a large $526,409 withdrawal in liquidity.

Once again, on OP, the Bonded Oath Token pool has pulled in the most swap fees for liquidity providers, generating a total of $1,220 for the week.

This drop in protocol fees has meant that our Protocol Fee to BEETS ratio ends the week at 0.81.

Bear in mind, this metric does not include IB fees which are our highest revenue source on Optimism.

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 recent gauge vote, over 144,000 $BEETS were offered as BEETS bounties.

On Fantom, the DAO currently holds $2,293,960 in the Treasury wallet.

66.56% of this is actively farming in LP positions.

  • Steady Beets (USDC/DAI) on Beethoven X โ€” $339,228
  • A Late Quartet (BTC/ETH/FTM/USDC) on LiquidDriver โ€” $292,165

The majority of assets held on the Optimism treasury wallet is the remaining OP grant ($846,787). This OP grant is continuously paired with a portion of generated protocol fees to incentivize LPs on Beethoven X.

Besides the OP, over $439,266 is actively deployed in LP positions.

  • Optimistic Steady Beets (USDC/DAI/USDT) on Beethoven X โ€” $84,225
  • Here comes the Sonne (USDC/DAI/USDT) on Beethoven X โ€” $15,830
  • veBAL on Balancer โ€” $38,968
  • auraBAL in the auraBAL auto-compounder on Aura Finance โ€” $31,024

This brings the Treasuryโ€™s total holdings to over $3,792,578 (Down -2.47% since last week)

( $2,426,967not 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

Credit: Source link

Leave A Reply

Your email address will not be published.